YMM Price Prediction Next Week
Technical Analysis: YMM's current price at $12.29 shows strong momentum with RSI-14 at 57.41, indicating a balanced but slightly bullish sentiment. The stock is trading above all major moving averages (SMA 5,10,20,60,200,250), suggesting a robust uptrend.
Bollinger Bands Analysis:
- Current price is positioned at 0.59 of the Bollinger Band width
- Upper band: $13.75
- Middle band: $12.01
- Lower band: $10.27 The price is trading near the middle band, suggesting potential for movement in either direction.
MACD Analysis: MACD (0.41) is above signal line (0.40) with a small positive histogram (0.01), indicating mild bullish momentum.
News Impact: Recent ETF inflows have been noted for YMM, suggesting institutional interest. The stock showed active after-hours trading volume of 2,294,204 shares, indicating sustained market interest.
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Resistance levels: R1: $12.93, R2: $13.20, R3: $13.65
- Support levels: S1: $12.03, S2: $11.76, S3: $11.31
- Pivot point: $12.48
Expected price range: $12.03 - $13.20
Recommendation: BUY Entry point: Current price ($12.29) Target: $13.20 (R2 level) Stop loss: $11.76 (S2 level)
Rationale:
- Strong technical setup with price above all major SMAs
- Balanced RSI indicating room for upward movement
- Positive MACD crossover
- Recent institutional interest through ETF inflows
- Clear support and resistance levels for risk management
YMM Similar Chart Price Prediction
The price of YMM is predicted to go up -3.88%, based on the high correlation periods with MITK. The similarity of these two price pattern on the periods is 97.77%.
YMM
MITK
Down: -3.88%Similarity: 97.77%
YMM Revenue Forecast
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YMM Analyst's Forecast
Karen Li
JP Morgan
Buy → Hold
2024-12-11
Price Target
$12 → $13
Upside
+13.04%
JPMorgan downgraded Full Truck Alliance to Neutral from Overweight with a price target of $13, up from $12. The firm cites valuation for the downgrade following the stock's recent rally. Full Truck shares are up 70% year-to-date, which reflects much of its positive outlook, the analyst tells investors in a research note. JPMorgan recommends taking profits at current share levels.
Alicia Yap
Citigroup
Strong Buy
2024-12-10
Price Target
$13 → $15
Upside
+25.84%
Alicia Yap
Citigroup
Strong Buy
2024-11-21
Price Target
$12 → $13
Upside
+34.02%
