X Price Prediction Next Week
Analysis and Insights
Technical Analysis:
United States Steel Corp (X) has shown strong bullish momentum recently, forming a Golden Cross and trading above key moving averages. The stock has broken above its 20-day, 50-day, and 200-day SMAs, indicating a solid uptrend. The MACD line is above the signal line, and the RSI is at 60.36, suggesting continued upward momentum without overbought conditions.
News Sentiment and Analyst Insights:
Recent news highlights X's bullish momentum, with an 8.35% gain over the past week. JPMorgan maintains an Overweight rating with a $43 price target, citing strong earnings guidance and improving market conditions. Additionally, Stanley Druckenmiller has more than doubled his stake in X, signaling confidence in its future performance.
Fibonacci Levels:
The Fibonacci levels indicate strong resistance at $43.40 (R2) and support at $35.47 (S1). The stock is currently trading above the pivot level of $38.50, reinforcing the bullish trend.
Conclusion:
Based on the technical indicators, news sentiment, and analyst ratings, X is expected to continue its upward trend. The stock is predicted to reach $43.40 in the next trading week. This represents a buy opportunity as the stock breaks through resistance levels with strong momentum.
Recommendation: Buy X stock with a target price of $43.40.
X Similar Chart Price Prediction
The price of X is predicted to go up 0.62%, based on the high correlation periods with CSWI. The similarity of these two price pattern on the periods is 95.9%.
X
CSWI
Up: 0.62%Similarity: 95.9%
X Revenue Forecast
X EPS Forecast
X FAQs
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X Analyst's Forecast
Katja Jancic
BMO Capital
Buy → Hold
2025-03-31
Price Target
$45
Upside
+6.48%
BMO Capital raised the firm's price target on U.S. Steel to $45 from $40 and keeps an Outperform rating on the shares. The company's Q1 EBITDA pre-announcement was in line with original guidance, and the firm is updating its model to reflect the broader industry multiple expansion, the analyst tells investors in a research note. US Steel is transforming from a purely integrated steelmaker to a hybrid integrated/mini-mill producer, which positions the company meaningfully better longer term, BMO adds, also noting that this transiction is underappreciated by the market.
Katja Jancic
BMO Capital
Buy
2025-03-21
Price Target
$40 → $45
Upside
+10.02%
Carlos De Alba
Morgan Stanley
Hold
2025-03-07
Price Target
$39 → $43
Upside
+18.69%
