WVE Price Prediction Next Week
**Analysis and Insights
Technical Analysis:
WVE's stock is currently trading at $9.8, near its Fibonacci pivot point of $9.86. The technical indicators suggest bearish momentum, with RSI values below 50 and a negative MACD. The stock is near the lower Bollinger Band, indicating potential oversold conditions.
News and Sentiment:
There has been significant insider selling, with a director selling 10,500 shares recently. Analysts have issued buy ratings, but the high volatility and recent selling activity raise concerns. A put option being sold at $7.50 with a 25.6% return indicates bearish sentiment.
Fibonacci and Bollinger Bands:
The Fibonacci pivot is at $9.86, and the Bollinger Bands are at 8.83, 10.22, and 11.61. The stock is near the lower band, suggesting it might be oversold.
Conclusion:
Given the bearish technical indicators, insider selling, and high volatility, the stock is expected to dip. The price may test the $7.50 level next week. It is advisable to sell or avoid buying.
Prediction: $7.50
Recommendation: Sell
WVE Similar Chart Price Prediction
The price of WVE is predicted to go up 14.29%, based on the high correlation periods with GLDD. The similarity of these two price pattern on the periods is 93.2%.
WVE
GLDD
Up: 14.29%Similarity: 93.2%
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WVE Analyst's Forecast
Salim Syed
Mizuho
Buy
2024-11-21
Price Target
$19 → $22
Upside
+46.76%
Mizuho raised the firm's price target on Wave Life Sciences to $22 from $19 and keeps an Outperform rating on the shares. The analyst updated models in the biotechnology group following the Q3 reports. The firm says Wave Life remains a potential secular growth story for 2025.
Madison El-Saadi
B. Riley Securities
Strong Buy
2024-11-04
Price Target
$19 → $22
Upside
+59.54%
Luca Issi
RBC Capital
Hold
2024-10-21
Price Target
$7 → $15
Downside
-0.73%
