ALV Price Prediction Next Week
Technical Analysis: ALV's current price at $98.15 shows a bullish momentum with RSI(14) at 56.24, indicating a neutral-to-bullish sentiment. The stock is trading below its SMA-200 ($101.78) and SMA-250 ($104.65), suggesting a longer-term bearish trend, but above its SMA-60 ($96.36), indicating medium-term strength.
Price Targets for Next Week:
- Support levels: $94.41 (Fibonacci pivot), $91.62 (S1)
- Resistance levels: $97.21 (R1), $98.94 (R2)
News Impact: Recent analyst actions show mixed sentiment:
- UBS maintains Buy rating with $113 target
- Kepler Capital maintains Buy with $110 target
- HSBC downgraded to Hold with $100 target
- Key concern: Sales weakness in China as a headwind
Price Prediction for Next Week: Based on technical indicators and recent analyst actions:
- Expected range: $94.41 - $98.94
- Most likely target: $96.50
- Probability of upward movement: 40%
- Probability of downward movement: 60%
Trading Recommendation: SELL Rationale:
- Multiple downgrades from analysts
- Trading below major long-term moving averages
- China sales concerns creating headwinds
- Technical indicators suggesting potential pullback
Optimal entry for short positions: Current price ($98.15) or on any rally towards $98.94 (R2) Stop loss: $101.73 (R3) Target: $94.41 (Pivot)
ALV Similar Chart Price Prediction
The price of ALV is predicted to go up 6.68%, based on the high correlation periods with SNX. The similarity of these two price pattern on the periods is 94.76%.
ALV
SNX
Up: 6.68%Similarity: 94.76%
ALV Revenue Forecast
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ALV Analyst's Forecast
Colin Langan
Wells Fargo
Hold
2024-10-21
Price Target
$102 → $101
Upside
+4.34%
Wells Fargo analyst Colin Langan lowered the firm's price target on Autoliv to $101 from $102 and keeps an Equal Weight rating on the shares. The firm notes Autoliv traded up about 6% after a slight miss due to a $14M settlement and a lower than feared guide cut. Guide implies a 320bp quarter-over-quarter margin increase driven by volumes, engineering, and FX/other. Wells still sees China local mix risk.
Luke Junk
Baird
Hold
2024-10-21
Price Target
$103 → $108
Upside
+11.57%
Dan Levy
Barclays
Hold
2024-10-15
Price Target
$115 → $110
Upside
+17.43%
