AAON Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for AAON for the next trading week:
Technical Analysis
- RSI(14) at 39.69 indicates the stock is approaching oversold territory but not yet extremely oversold
- MACD at -3.52 shows bearish momentum in the short term
- Current price is trading below SMA20 (121.87) but well above SMA200 (102.24), suggesting short-term weakness but maintaining long-term uptrend
News Impact
- Recent Q3 2024 results showed strong performance with revenue up 4.9% and EPS up 8.6%
- Record backlog of $647.7 million, up 32% year-over-year, indicates robust future demand
- DA Davidson analyst with 86% accuracy rate maintained Buy rating with $150 price target, suggesting ~9% upside
Fibonacci Levels for Next Week
- Key resistance levels: R1: 125.12, R2: 130.02, R3: 137.95
- Key support levels: S1: 109.26, S2: 104.36, S3: 96.42
- Pivot point: 117.19
Price Prediction for Next Week Based on technical indicators and recent fundamentals:
- Most likely scenario (60% probability): Stock will find support around Fibonacci S1 (109.26) and bounce back toward 117-120 range
- Bearish scenario (25% probability): Break below S1 could see price test S2 at 104.36
- Bullish scenario (15% probability): Break above current resistance could push price toward R1 at 125.12
Trading Recommendation: SELL
- Current technical weakness and market conditions suggest better entry points will emerge
- Wait for price to stabilize around support levels before considering new long positions
- Target entry around 109-110 zone where strong technical support aligns with Fibonacci S1
AAON Similar Chart Price Prediction
The price of AAON is predicted to go up 13.51%, based on the high correlation periods with TECX. The similarity of these two price pattern on the periods is 96.01%.
AAON
TECX
Up: 13.51%Similarity: 96.01%
AAON Revenue Forecast
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AAON Analyst's Forecast
Brent Thielman
DA Davidson
Strong Buy
2024-11-08
Price Target
$102 → $150
Upside
+8.45%
DA Davidson analyst Brent Thielman raised the firm's price target on Aaon to $150 from $102 and keeps a Buy rating on the shares after its Q3 earnings beat. The robust order activity in data centers, along with another new capacity investment to become available into 2026, supports an exceptional trajectory and frankly 'dynamic' model with various levers, the analyst tells investors in a research note. AAON has many positives in play and a s multi-year bottom-line CAGR potential, the firm added.
Timothy Wojs
Baird
Buy
2024-11-08
Price Target
$130 → $138
Downside
-0.22%
Timothy Wojs
Baird
Hold → Buy
2024-10-28
Price Target
$114 → $130
Upside
+7.15%
