AS Price Prediction Next Week
Based on the available data, here's the analysis for Amer Sports (AS) stock price prediction for next week:
Technical Analysis:
- Current RSI (14) is 53.08, indicating a neutral momentum
- MACD shows bearish divergence with MACD (0.44) and Signal (0.74)
- Stock is trading between Bollinger Bands (Lower: 28.14, Middle: 31.20, Upper: 34.26)
- Price is above major moving averages (SMA20: 31.20, SMA60: 28.38)
Recent Price Action:
- Current price: $30.81
- Trading range for past week: $30.30 - $31.45
- Volume has been increasing, with latest session at 1.77M shares
- Fibonacci levels suggest:
- Resistance: R1 at $32.48, R2 at $33.52
- Support: S1 at $29.11, S2 at $28.07
News Sentiment:
- Bernstein initiated coverage with Outperform rating and $38 price target
- Company projected 68% earnings growth annually through 2026
- Strong premium positioning and margin expansion potential
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Target price range: $32.00 - $33.50
- Stop loss: $29.10
Recommendation: BUY
- Entry point: Current price ($30.81)
- Strong upward momentum supported by positive analyst coverage
- Technical indicators showing potential breakout above $32.00
- Set stop loss at $29.10 to manage risk
AS Similar Chart Price Prediction
The price of AS is predicted to go up -32.67%, based on the high correlation periods with BOOM. The similarity of these two price pattern on the periods is 95.5%.
AS
BOOM
Down: -32.67%Similarity: 95.5%
