Technical Analysis:
WSO shows a bearish trend in the short term, with the stock declining from $518.71 to $498.68 on February 21 . The RSI-14 at 54.14 indicates neutral momentum, while the MACD (4.49) shows slightly bullish momentum but with declining strength.
Price Levels and Support/Resistance:
- Fibonacci levels indicate key resistance at $523.62 and support at $466.95
- The stock is currently trading between its 5-day SMA ($508.00) and 20-day SMA ($485.39)
- Bollinger Bands show:
- Upper band: $535.81
- Middle band: $485.39
- Lower band: $434.98
- Current price position suggests moderate volatility
News Impact:
- Recent analyst coverage shows the stock has crossed above the average analyst target price of $499.88
- The stock's 52-week range is $373.33 to $571.415
- Bullish crossover of 200-day moving average recently observed
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Likely trading range: $485-$515
- Target price: $505
- Resistance levels: $523.62, $541.12
- Support levels: $495.29, $466.95
Recommendation: HOLD
Current technical indicators suggest a neutral-to-slightly-bearish stance for next week. The stock appears to be in a consolidation phase after reaching analyst target prices. Wait for clearer directional signals before initiating new positions.
Technical Analysis:
WSO shows a bearish trend in the short term, with the stock declining from $518.71 to $498.68 on February 21 . The RSI-14 at 54.14 indicates neutral momentum, while the MACD (4.49) shows slightly bullish momentum but with declining strength.
Price Levels and Support/Resistance:
- Fibonacci levels indicate key resistance at $523.62 and support at $466.95
- The stock is currently trading between its 5-day SMA ($508.00) and 20-day SMA ($485.39)
- Bollinger Bands show:
- Upper band: $535.81
- Middle band: $485.39
- Lower band: $434.98
- Current price position suggests moderate volatility
News Impact:
- Recent analyst coverage shows the stock has crossed above the average analyst target price of $499.88
- The stock's 52-week range is $373.33 to $571.415
- Bullish crossover of 200-day moving average recently observed
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Likely trading range: $485-$515
- Target price: $505
- Resistance levels: $523.62, $541.12
- Support levels: $495.29, $466.95
Recommendation: HOLD
Current technical indicators suggest a neutral-to-slightly-bearish stance for next week. The stock appears to be in a consolidation phase after reaching analyst target prices. Wait for clearer directional signals before initiating new positions.