Technical Analysis:
Based on the technical indicators and Fibonacci levels for AMP (Ameriprise Financial), the stock shows the following key levels:
Fibonacci Levels:
The RSI(14) reading of 64.24 indicates the stock is approaching but not yet in overbought territory, suggesting there's still room for upward movement. The positive MACD of 4.78 confirms the bullish momentum.
News Analysis: Recent news indicates strong institutional confidence in AMP:
Price Prediction for Next Week: Based on technical and news analysis:
Trading Recommendation: BUY with entry point at current price ($224.65), with initial target at $563.02. Place stop loss below the pivot at $538.00 to manage risk.
Rationale:
The stock is showing both technical strength and fundamental growth indicators, making it an attractive buy at current levels.
The price of AMP is predicted to go up 64.77%, based on the high correlation periods with WKHS. The similarity of these two price pattern on the periods is 94.39%.
AMP
WKHS
Year
AMP Price Forecast($)
Potential Return(%)
2025
570.000
10.640
2026
600.000
16.460
2027
650.000
26.170
2028
750.000
45.580
2029
720.000
39.760
2030
850.000
64.990
Ameriprise is building a well-scaled asset manager with its previous acquisition of Columbia Asset Management doubling the business and BMO's EMEA business increasing it another 20% and further expanding its footprint globally.
The company's business model is relatively diversified and may be able to better weather the headwinds of fee compression and shift to passive investment management products that pure-play asset managers are facing.
The firm's wealth management and asset management businesses contribute about 80% of revenue, and fee-based revenue is relatively stable.
UBS
Price Target
n/a
Upside
0%
RBC Capital
Price Target
$535 → $550
Upside
+8.98%
Morgan Stanley
Price Target
$440 → $502
Upside
-3.72%