Technical Analysis
Based on recent price action and technical indicators, AMCR shows a consolidation pattern with key support at $10.00 and resistance at $10.50. The stock has been trading in a narrow range following the merger announcement with Berry Global.
News Impact Analysis Recent significant developments:
Price Prediction for Next Week Target Prices:
The stock is likely to trade higher based on:
Recommendation: BUY Entry Point: Current market price ($10.11) Target: $10.40 (short-term) Stop Loss: $9.95
The positive merger developments and insider confidence suggest upward momentum, while technical indicators show strong support at current levels.
The price of AMCR is predicted to go up 34.75%, based on the high correlation periods with MESA. The similarity of these two price pattern on the periods is 95.43%.
AMCR
MESA
Year
AMCR Price Forecast($)
Potential Return(%)
2025
10.500
11.580
2026
12.500
23.520
2027
13.500
33.400
2028
12.500
23.520
2029
12.500
23.520
2030
14.500
43.280
Exposure to high-growth emerging markets balances low-volume growth in mature developed markets for products with similar or higher profit margins.
Amcor's global production network enables improved scale-based cost efficiencies leading to improved margins and profitability and the ability to further consolidate fragmented or subscale markets.
A focus on product innovation and differentiation leads to increased market share of niche, high-value-added products, resulting in margin growth.
Macquarie
2024-11-27
Price Target
n/a
Downside
0%
Wells Fargo
2024-10-15
Price Target
$11 → $11
Downside
-5.01%