AIT Price Prediction Next Week
Analysis and Insights
To predict the stock price of Applied Industrial Technologies (AIT) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
- Current Price: AIT is currently trading at $227.00 as of 2025-03-10.
- Price Trend: AIT has been in a downtrend since December 2024, with a 16.09% decline in price during this period.
- RSI (14): The Relative Strength Index (RSI) for AIT is currently at 26.99, indicating that the stock is in oversold territory.
- MACD: The MACD line is currently at -7.10, indicating bearish momentum.
- Stochastic Oscillator: The Stochastic Oscillator is also bearish, with the K line at 12.10 and the D line at 10.12.
- Bollinger Bands: The price is currently near the lower Bollinger Band, suggesting that the stock may be undervalued, but the overall trend remains bearish.
- Fibonacci Levels: The Fibonacci support level is at 226.44, and the resistance level is at 250.68.
News Sentiment and Fundamental Analysis:
- Market Correction: The Russell 2000 index, which includes AIT, has declined nearly 15% since December 2024, indicating a broader market correction for small-cap stocks.
- Inflationary Policies: Rising interest rates and inflationary policies have negatively impacted small-cap stocks, with AIT being no exception.
- ETF Outflows: AIT has experienced ETF outflows, which can put additional downward pressure on the stock price.
Price Prediction and Recommendation:
Based on the technical indicators and news sentiment, AIT is expected to continue its downtrend in the short term. The stock may experience some support near the Fibonacci level of 226.44, but the overall bearish momentum is likely to dominate.
Predicted Price for Next Trading Week: $225.00
Recommendation: Sell AIT as the technical indicators and market sentiment suggest continued downward pressure.
AIT Similar Chart Price Prediction
The price of AIT is predicted to go up -6.61%, based on the high correlation periods with HDSN. The similarity of these two price pattern on the periods is 96.86%.
AIT
HDSN
Down: -6.61%Similarity: 96.86%
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AIT Analyst's Forecast
David Manthey
Baird
Buy
2025-01-30
Price Target
$250 → $275
Upside
+4.18%
Baird raised the firm's price target on Applied Industrial Technologies to $275 from $250 and keeps an Outperform rating on the shares. The firm said it was a good quarter and the company remains well positioned.
Sam Darkatsh
Raymond James
Buy
2025-01-30
Price Target
$250 → $265
Upside
+0.39%
Ken Newman
Keybanc
Buy
2024-12-03
Price Target
$275 → $325
Upside
+17.73%
