APO Price Prediction Next Week
Technical Analysis: Based on the technical indicators and recent price movements for APO, the following week's prediction indicates:
The RSI reading of 58.21 suggests the stock is in a neutral territory, not showing extreme overbought or oversold conditions. The positive MACD of 0.15 indicates a slight bullish momentum.
The Fibonacci levels show:
- Strong resistance at $176.48
- First resistance at $171.58
- Pivot point at $163.65
- First support at $155.72
- Strong support at $150.82
News Impact: Recent news shows positive momentum:
- APO received an 88% rating from Validea's Quantitative Momentum Investor model
- The company is finalizing the acquisition of Barnes Group, expected to complete by January 27, 2025
Price Prediction for Next Week: Based on technical analysis and news sentiment: Target Price: $171.50-$173.00
Trading Recommendation: BUY Rationale:
- Current price is near the pivot point with strong momentum indicators
- The completion of Barnes Group acquisition could act as a positive catalyst
- Technical indicators suggest potential upward movement towards first resistance level
- Multiple support levels provide downside protection
Entry Strategy:
- Enter positions at current market price
- Set stop loss at $155.70 (first support level)
- Take profit at $171.50 (near first resistance)
APO Similar Chart Price Prediction
The price of APO is predicted to go up -8.31%, based on the high correlation periods with THO. The similarity of these two price pattern on the periods is 94.39%.
APO
THO
Down: -8.31%Similarity: 94.39%
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APO Analyst's Forecast
John Barnidge
Piper Sandler
Buy
Price Target
$188 → $202
Upside
+17.72%
Piper Sandler analyst John Barnidge raised the firm's price target on Apollo Global to $202 from $188 and keeps an Overweight rating on the shares. The firm is essentially in-line with consensus heading into Q4 earnings season for the only true full stack, and at-scale, asset and liability originator in the market. Piper would not be surprised to see the results this earnings season suggest better-than-expected demand for products despite a changing interest rate cycle along with what it believes could be the first signs of a true turn in variable investment income environment for the group.
Bill Katz
TD Cowen
Strong Buy
Price Target
$178 → $230
Upside
+32.35%
Benjamin Budish
Barclays
Buy
Price Target
$174 → $200
Upside
+15.08%