ASH Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Ashland Inc (ASH) is currently trading at $57.52 as of March 10, 2025. The stock has entered oversold territory with an RSI of 32.78, indicating potential exhaustion of selling pressure. The Fibonacci pivot point is at $60.92, with support levels at $57.42 and resistance at $64.42.
News and Sentiment Analysis:
- Oversold Condition: ASH has entered oversold territory with an RSI of 29.0, suggesting potential buy opportunities as selling pressure may be nearing exhaustion.
- Analyst Ratings: The stock has a Moderate Buy consensus with an average price target of $80.83, indicating optimism among analysts.
- Insider Activity: Positive corporate insider sentiment is noted, with 33 insiders increasing their share purchases, including CEO Guillermo Novo buying over 31,000 shares.
Price Prediction:
Based on the oversold condition, positive insider sentiment, and analyst consensus, the stock is expected to rebound. The target price for the next trading week is $62.50.
Recommendation:
Buy ASH at the current price of $57.52, with a target price of $62.50 for the next trading week.
ASH Similar Chart Price Prediction
The price of ASH is predicted to go up 12.97%, based on the high correlation periods with BSET. The similarity of these two price pattern on the periods is 95.83%.
ASH
BSET
Up: 12.97%Similarity: 95.83%
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ASH Analyst's Forecast
Michael Harrison
Seaport Global
Strong Buy → Hold
2025-03-05
Price Target
n/a
Downside
0%
Seaport Research downgraded Ashland to Neutral from Buy.
Michael Sison
Wells Fargo
Buy
2024-12-11
Price Target
$95 → $90
Upside
+19.64%
John McNulty
BMO Capital
Hold
2024-11-19
Price Target
$92 → $83
Upside
+8.8%
