AMTM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Amentum Holdings (AMTM) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14): 48.56, indicating the stock is not in overbought territory.
- MACD: -0.66, showing a bearish signal but with a flat histogram, suggesting weakening downward momentum.
- Stochastic Oscillator: %K (33.17) and %D (24.91) are in the lower range, indicating potential oversold conditions.
- Bollinger Bands: The stock is trading near the lower band, suggesting potential support.
News Sentiment and Events:
- Insider Buying Activity: Executive Chair Steven J. Demetriou purchased 100,000 shares, signaling confidence in the company's prospects.
- Public Offering Announcement: A secondary offering of 19.46 million shares may increase supply but does not directly impact the company's fundamentals.
Price Prediction and Recommendation:
Based on the analysis, the stock is likely to find support at $17.45 (Fibonacci S1) and resistance at $20.11 (Fibonacci R1). Considering the oversold conditions and insider buying, the stock may rebound toward $20.11.
Prediction: Target price of $20.11 for the next trading week.
Recommendation: Buy AMTM with a target of $20.11 and a stop-loss below $17.45.
AMTM Similar Chart Price Prediction
The price of AMTM is predicted to go up -8.79%, based on the high correlation periods with CHMI. The similarity of these two price pattern on the periods is 90.63%.
AMTM
CHMI
Down: -8.79%Similarity: 90.63%
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AMTM Analyst's Forecast
Ken Herbert
RBC Capital
Hold
2025-01-10
Price Target
$24
Upside
+6.83%
RBC Capital initiated coverage of Amentum with a Sector Perform rating and $24 price target. Amentum is a leading government services provider and its positives include strong free cash flow, which should support steady de-leveraging, a $45B backlog, and growth market exposure, the analyst tells investors in a research note. However, the firm believes the company's below-peer fiscal 2025 growth with limited margin expansion will limit near-term sentiment.
Brian Gesuale
Raymond James
Buy
2024-11-21
Price Target
$30
Upside
+22.8%
