AEP Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis and price prediction for AEP for the next trading week:
Technical Analysis
The stock is showing bullish momentum with RSI at 68.44, approaching but not yet in overbought territory. The MACD indicator is positive at 1.02, suggesting continued upward momentum. The stock is trading above both its 20-day (94.05) and 200-day (93.22) moving averages, indicating a strong uptrend.
Recent Developments
- BofA Securities recently upgraded AEP from Underperform to Buy with a price target increase from $98 to $104, citing the strategic $2.8 billion asset sale and new CFO appointment.
- The company announced a quarterly dividend of $0.93 per share, maintaining a forward yield of 3.8%.
- KKR and PSP Investments are acquiring a 19.9% stake in AEP's transmission businesses for $2.82 billion, which is expected to strengthen the company's balance sheet.
Price Forecast for Next Week Based on Fibonacci levels and current technical indicators:
- Support levels: $93.54 (S1), $91.93 (S2)
- Resistance levels: $98.76 (R1), $100.37 (R2)
- Pivot point: $96.15
Price Target and Recommendation For next week, AEP is expected to trade between $96.15 and $100.37, with a most likely target of $98.76 (R1). The stock shows strong buy signals based on:
- Recent analyst upgrade with $104 price target
- Positive technical indicators
- Strategic asset sale improving balance sheet
- Consistent dividend payments
Trading Strategy: BUY at current levels ($98.17) with a target of $100.37 (R2). Set stop-loss at $96.15 (pivot point).
AEP Similar Chart Price Prediction
The price of AEP is predicted to go up 6.07%, based on the high correlation periods with NGNE. The similarity of these two price pattern on the periods is 97.15%.
AEP
NGNE
Up: 6.07%Similarity: 97.15%
AEP Revenue Forecast
AEP EPS Forecast
AEP FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
AEP VS S&P500
Investments in transmission, distribution and renewable energy during the next several years should support earnings growth.
AEP earns regulated returns in many different state jurisdictions, helping protect its earnings from the impact of one adverse regulatory ruling.
Management has successfully transitioned the company toward being a fully regulated utility.
AEP Analyst's Forecast
Julien Dumoulin-Smith
B of A Securities
Sell → Strong Buy
Price Target
$98 → $104
Upside
+10.39%
BofA upgraded American Electric to Buy from Underperform with a $104 price target.
Stephen Byrd
Morgan Stanley
Buy
Price Target
$109 → $104
Upside
+6.39%
William Appicelli
UBS
Strong Sell
Price Target
$91 → $95
Upside
-1.19%