AAON Price Prediction Next Week
Analysis and Insights
To predict the stock price of AAON for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
Share Repurchase Announcement: AAON announced a $30 million share repurchase program, which is part of a larger $100 million program. This typically signals confidence in the company's valuation and can positively impact the stock price.
Zacks Rank Update: AAON was added to the Zacks Rank #5 (Strong Sell) List due to downward revisions in earnings estimates over the past 60 days.
Analyst Ratings: Recent analyst ratings show mixed sentiment, with some firms lowering price targets while others upgrading the stock to Outperform.
Technical Analysis:
RSI: The Relative Strength Index (RSI) for AAON is currently at 30.94, indicating oversold conditions, which may signal a potential short-term rebound.
MACD: The MACD line is below the signal line, suggesting bearish momentum.
SMA: The stock is trading below its 20, 50, and 200-day moving averages, indicating a bearish trend.
Fibonacci Levels: The stock is near the lower end of its Fibonacci range, with the S1 level at 72.92 and the S2 at 64.08.
Price Prediction:
Based on the oversold RSI and potential short-term rebound from the share repurchase news, we predict the stock price will rise slightly to $78.00 next week. However, the overall bearish trend and negative earnings revisions suggest caution.
Buy/Sell Recommendation:
Sell: While the short-term technical indicators suggest a potential bounce, the overall bearish sentiment and downward earnings revisions outweigh the positive news. It is advisable to sell or avoid entering new positions at this time.
AAON Similar Chart Price Prediction
The price of AAON is predicted to go up -66.67%, based on the high correlation periods with IOVA. The similarity of these two price pattern on the periods is 98.65%.
AAON
IOVA
Down: -66.67%Similarity: 98.65%
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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%
