ALIT Price Prediction Next Week
Analysis and Insights
To predict the stock price of ALIT for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
ALIT's stock price is currently trading at $6.185, with a 52-week range of $6.15 to $10.38. The stock recently crossed above its 200-day moving average, a bullish signal. Key technical indicators include:
- RSI (14): 39.86, indicating the stock is not oversold but is in a lower range.
- MACD: Slightly negative, suggesting bearish momentum.
- Fibonacci Levels: Support at $6.14 (S1) and resistance at $6.35 (R1).
News Sentiment:
- Insider Buying: A director purchased 100,000 shares, signaling confidence in the stock's potential.
- Institutional Movements: Mixed sentiment, with 138 institutions increasing positions and 144 decreasing.
- Upcoming Event: ALIT is hosting an Investor Day on March 20, which could provide positive catalysts.
Prediction:
Based on the bullish cross above the 200-day moving average and insider buying, ALIT is expected to rise slightly. However, resistance at $6.35 may cap gains. The stock is predicted to reach $6.30 by the end of the next trading week.
Recommendation:
Buy ALIT with a target price of $6.30. Monitor the stock's performance around the Investor Day event for potential upside.
ALIT Similar Chart Price Prediction
The price of ALIT is predicted to go up -4.25%, based on the high correlation periods with SON. The similarity of these two price pattern on the periods is 97.05%.
ALIT
SON
Down: -4.25%Similarity: 97.05%
ALIT Revenue Forecast
ALIT EPS Forecast
ALIT FAQs
What is ALIT revenue forecast for next quarter？
What is ALIT eps forecast for next quarter？
ALIT Analyst's Forecast
Kyle Peterson
Needham
Strong Buy
2025-01-09
Price Target
$11 → $9
Upside
+37.61%
Needham lowered the firm's price target on Alight to $9 from $11 and keeps a Buy rating on the shares. The upcoming change in administration could have a modest negative impact to Alight depending on the magnitude of cuts that the "Department of Government Efficiency" is able to push through, says the analyst, who is "modestly reducing" estimates with about 1% cuts to both revenue and EBITDA forecasts for FY25. However, the analyst contends that the recent stock underperformance with shares down about 12% since the election "outstrips the current fundamental risk."
Scott Schoenhaus
Keybanc
Buy
2024-11-13
Price Target
$10 → $11
Upside
+30.56%
Joseph Vafi
Canaccord Genuity
Strong Buy
2024-11-13
Price Target
$11 → $12
Upside
+42.43%
