ARW Price Prediction Next Week
Technical Analysis: Based on the latest market data, ARW is showing mixed technical signals:
- RSI (14) at 47.91 indicates neutral momentum, neither overbought nor oversold
- MACD shows bearish signal with -1.77 and negative histogram (-0.09)
- Price is trading below all major moving averages (200-day: $123.95, 60-day: $115.66, 20-day: $113.18)
- Bollinger Bands show price near the lower band with BBP at 0.45, suggesting potential support level
News & Events Impact:
- Recent insider activity: VP Yun Sung Cho sold 237 shares on February 14, 2025, representing about 10.2% of their holdings
- Institutional sentiment is mixed with 187 institutions increasing positions while 277 reduced holdings in the latest quarter
- BofA recently downgraded ARW to Underperform with a $99 price target
Price Prediction for Next Week: Based on technical indicators and recent news sentiment:
- Resistance levels: $114.30 (Fibonacci R1), $116.89 (Fibonacci R2)
- Support levels: $105.93 (Fibonacci S1), $103.34 (Fibonacci S2)
Expected price range: $103-$115 with higher probability of downside movement due to:
- Bearish MACD crossover
- Price trading below all major moving averages
- Recent insider selling
- Negative analyst sentiment
- Mixed institutional investor positioning
Trading Recommendation: SELL
- Entry point: Current price ($111.88)
- Stop loss: $114.30 (Fibonacci R1)
- Target: $105.93 (Fibonacci S1)
The stock shows bearish momentum with multiple technical and fundamental indicators suggesting continued downward pressure in the near term.
ARW Similar Chart Price Prediction
The price of ARW is predicted to go up 54.48%, based on the high correlation periods with ACDC. The similarity of these two price pattern on the periods is 96.35%.
ARW
ACDC
Up: 54.48%Similarity: 96.35%
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ARW Analyst's Forecast
Melissa Fairbanks
Raymond James
Buy
2024-11-01
Price Target
$140 → $135
Upside
+11.54%
Raymond James analyst Melissa Fairbanks lowered the firm's price target on Arrow Electronics to $135 from $140 and keeps an Outperform rating on the shares. The company delivered solid upside in the September quarter, despite challenging end market conditions, and its outlook is largely in line with overall industry demand trends, the analyst tells investors in a research note. Initial fears that the announced restructuring actions were reactionary to either short-term demand trends or changes in supplier behavior are overdone, the firm says.
William Stein
Truist Securities
Hold
2024-11-01
Price Target
$141 → $120
Downside
-0.85%
