WULF Price Prediction Next Week
Analysis and Insights
Technical Analysis:
TeraWulf Inc. (WULF) has formed a "Death Cross," a bearish signal where the 50-day moving average falls below the 200-day average. This indicates a strong downtrend. The stock is trading below key resistance levels, with the price currently at $3.47. The Relative Strength Index (RSI) is at 33.30, suggesting the stock is approaching oversold territory, but the Moving Average Convergence Divergence (MACD) remains negative, reinforcing the bearish stance.
News Sentiment and Fundamental Analysis:
Despite a 102% revenue increase driven by Bitcoin mining, operational costs and market reactions have led to a substantial decline in stock value. The Death Cross and bearish technical indicators suggest continued downward pressure.
Price Prediction and Recommendation:
Given the bearish technical indicators and news sentiment, the stock is expected to continue its downtrend. The price is likely to test lower support levels next week.
Prediction: The stock price of WULF is expected to drop to $2.84 in the next trading week.
Recommendation: Sell WULF stock next week as the bearish trend is expected to continue.
WULF Similar Chart Price Prediction
The price of WULF is predicted to go up 13.71%, based on the high correlation periods with SONN. The similarity of these two price pattern on the periods is 98.29%.
WULF
SONN
Up: 13.71%Similarity: 98.29%
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.
