How did WOLF's Q3 2025 forecast compare to past trends?

Wolfspeed's (WOLF) Q3 2025 forecast shows a bullish trend with a 60.92% historical win rate for this type of forecast. The forecast price for Q3 2025 is $2.62, with a 34% confidence interval ranging from $2.47 to $2.69. This indicates that the stock is expected to experience a positive price movement during this quarter.

1. **Comparison to Current Trend**: The current trend for WOLF is bearish, having lasted for 12 days. The forecast for Q3 2025 suggests a bullish trend, which is a reversal from the current trend. This suggests that the stock may bottom out in the near term before rebounding, as the current bearish trend is not expected to persist.
2. **Support and Resistance Levels**: The stock is currently positioned between the narrow support level of $3.23 and the wide support level of $1.75, and between the narrow resistance level of $6.18 and the wide resistance level of $7.65. The forecast price of $2.62 falls within the narrow support and resistance levels, indicating a potential for price movement as the stock oscillates between these levels.

3. **Historical Performance**: Wolfspeed has a history of significant losses, with a net income of -$372.2 million reported as of December 31, 2024. Despite this, the forecast for Q3 2025 suggests a positive outlook, with an expected maximum gain of 28.86% and a maximum loss of -34.18%. This indicates that while there is potential for gain, there is also a considerable risk due to the stock's volatile nature and recent financial performance.

In conclusion, WOLF's Q3 2025 forecast represents a bullish outlook, which is a positive change from the current bearish trend. However, investors should be cautious due to the stock's recent poor financial performance and volatile nature, which could lead to significant price swings. The forecast price of $2.62 falls within the stock's current support and resistance levels, suggesting that the stock may experience oscillations as it approaches this forecast price.