WULF Price Prediction Next Week
Analysis and Insights
Technical Analysis:
TeraWulf Inc. (WULF) has formed a Death Cross, a bearish signal, with its 50-day moving average falling below the 200-day average. The stock is trading at $3.04, well below key resistance levels. The MACD is negative at -0.50, and the RSI of 33.30 suggests the stock is approaching oversold territory.
Fibonacci Levels:
The Fibonacci levels indicate a pivot at $3.61, with resistance at $4.25 and $4.64, and support at $2.97 and $2.58.
News Impact:
Despite a 102% revenue increase, the stock has struggled due to high operational costs and market reaction. The Death Cross and bearish technical indicators outweigh positive revenue news.
Insider Activity:
A director recently purchased 4,796 shares, indicating some insider confidence, but this hasn't reversed the bearish trend.
Conclusion:
The bearish technical indicators and Death Cross suggest a continued downtrend. The stock is expected to decline to the next support level of $2.97.
Prediction: WULF stock will drop to $2.97 next week.
Recommendation: Sell WULF stock as bearish signals dominate.
WULF Similar Chart Price Prediction
The price of WULF is predicted to go up -0.04%, based on the high correlation periods with VOD. The similarity of these two price pattern on the periods is 98.46%.
WULF
VOD
Down: -0.04%Similarity: 98.46%
WULF Revenue Forecast
WULF EPS Forecast
WULF FAQs
What is WULF revenue forecast for next quarter？
WULF Analyst's Forecast
John Todaro
Needham
Strong Buy
2024-11-13
Price Target
$6 → $9.5
Upside
+29.34%
Needham raised the firm's price target on TeraWulf to $9.50 from $6 and keeps a Buy rating on the shares. The company's Q3 top-line and EBITDA missed as mining came in lighter than expected, though the firm is adjusting its multiple as TeraWulf is nearer to getting a lease signed, bringing more clarity on HPC near term, the analyst tells investors in a research note.
