APLE Price Prediction Next Week
Analysis and Insights
To predict the stock price of Apple Hospitality REIT (APLE) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The Relative Strength Index (RSI) for APLE is currently at 44.32, indicating a neutral position without clear overbought or oversold signals. The MACD line is slightly below the signal line, suggesting bearish momentum. The stock is trading near the lower Bollinger Band, which may indicate potential support or increased volatility.
News Sentiment and Fundamental Analysis:
Recent news indicates mixed sentiment for APLE. Insider buying activity shows some confidence, with a director purchasing 1,000 shares recently. However, institutional investor movements are mixed, with 171 increasing positions and 158 decreasing theirs. The broader real estate sector, particularly hotel REITs, has faced headwinds due to economic growth concerns.
Fibonacci Levels:
The Fibonacci levels suggest key support at $14.13 and resistance at $14.86. The stock is currently trading near the support level, which may act as a floor or trigger a breakdown.
Price Prediction:
Based on the technical setup and news sentiment, APLE is likely to face resistance at $14.86 and may dip toward the support level of $14.13. Considering the bearish MACD and recent price drop of 2.2%, the stock is expected to trade lower in the next week.
Predicted Price: $14.00
Recommendation: Sell
APLE Similar Chart Price Prediction
The price of APLE is predicted to go up 26.23%, based on the high correlation periods with FBRX. The similarity of these two price pattern on the periods is 96.78%.
APLE
FBRX
Up: 26.23%Similarity: 96.78%
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APLE Analyst's Forecast
Ari Klein
BMO Capital
Buy
2024-12-09
Price Target
$18
Upside
+10.74%
BMO Capital initiated coverage of Apple Hospitality REIT with an Outperform rating and $18 price target. Apple Hospitality is the largest pure-play select-service lodging real estate investment trust "with a high quality and diversified portfolio," the analyst tells investors in a research note. The firm is positive on the company as it believes Apple "provides defensive characteristics but can also benefit from potential RevPAR improvement."
Tyler Batory
Oppenheimer
Buy
2024-10-04
Price Target
$17
Upside
+11.84%
