APD Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Air Products & Chemicals (APD) is currently showing signs of potential reversal after entering oversold territory. The Relative Strength Index (RSI) is at 32.25, indicating a possible exhaustion of selling pressure and a buying opportunity. The stock closed at $291.65 on March 21, with a slight decline of 0.43% during regular market hours.
Fibonacci Levels:
The Fibonacci levels suggest a pivot point at 299.49, with resistance levels at 310.58 and 317.43, and support at 281.54. This indicates that if the stock breaks above the pivot, it could test the resistance levels, otherwise, it may drop to the support.
News Sentiment and Recent Events:
Recent news indicates mixed sentiment. While APD's entry into oversold territory suggests a potential buying opportunity, the company also faces challenges such as weak Q2 guidance and a recent downgrade by J.P. Morgan. Additionally, insider sales have been reported, which may indicate a lack of confidence.
Conclusion:
Based on the oversold conditions and potential for a technical bounce, the stock price is expected to be around $295 to $300 next week. Given the current technical indicators and mixed news sentiment, it may be a good time to buy as the stock is undervalued, but caution is advised due to potential market volatility.
APD Similar Chart Price Prediction
The price of APD is predicted to go up -18.5%, based on the high correlation periods with AISP. The similarity of these two price pattern on the periods is 97.63%.
APD
AISP
Down: -18.5%Similarity: 97.63%
APD Revenue Forecast
APD EPS Forecast
APD FAQs
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APD VS S&P500
Air Products is poised for rapid growth due to business opportunities that drive its ambitious $30 billion capital allocation plan.
Air Products has emerged as a leader in green and blue hydrogen, with several multi-billion-dollar projects currently in development.
The company's focus on on-site investments will result in a derisked portfolio with more stable cash flows.
APD Analyst's Forecast
Patrick Cunningham
Citigroup
Strong Buy
2025-03-25
Price Target
$373 → $345
Upside
+17.64%
Citi lowered the firm's price target on Air Products to $345 from $373 and keeps a Buy rating on the shares. The firm also added a "90-day positive catalyst watch" on the shares. Citi sees potential upside from additional commentary on the Louisiana blue hydrogen project and NEOM, in addition to potential cost cutting actions and higher pricing to support the bottom line. The shares will respond favorable on improved clarity around projects and continued focus on pricing, especially in areas with higher power costs, like Europe, the analyst tells investors in a research note. However, Citi trimmed estimates in the industrial gases group to reflect weaker volumes from industrial uncertainty partially offset by less negative currency and better pricing.
Duffy Fischer
Barclays
Hold → Buy
2025-01-24
Price Target
$315 → $365
Upside
+10.83%
Michael Sison
Wells Fargo
Hold → Buy
2025-01-14
Price Target
$330 → $350
Upside
+13.76%
