ATI Price Prediction Next Week
Analysis and Insights
To predict the stock price of ATI for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
- Tentative Agreement with United Steelworkers: ATI reached a tentative agreement with the United Steelworkers, which is expected to enhance the company's long-term viability and employee relations. This news is positive and could lead to increased investor confidence.
- Analyst Upgrades: Barclays recently raised its price target for ATI to $75, indicating positive analyst sentiment.
Technical Analysis:
- RSI (14): 31.00, indicating oversold conditions.
- MACD (12,26): -0.76, showing bearish momentum.
- SMA (20): 59.15, with the stock trading below this level.
- Fibonacci Levels:
- Pivot: 56.68
- Resistance 1: 59.88
- Support 1: 53.49
Price Prediction:
Based on the analysis, ATI's stock price is expected to rise to $59.88 in the next trading week, driven by positive news sentiment. However, given the current technical indicators, it is recommended to sell at this target price due to potential resistance.
Recommendation: Buy with a target price of $59.88 and consider selling at this level.
ATI Similar Chart Price Prediction
The price of ATI is predicted to go up 2.07%, based on the high correlation periods with LRCX. The similarity of these two price pattern on the periods is 94.25%.
ATI
LRCX
Up: 2.07%Similarity: 94.25%
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ATI Analyst's Forecast
David Strauss
Barclays
Buy
2025-02-10
Price Target
$70 → $75
Upside
+18.04%
Barclays analyst David Strauss raised the firm's price target on ATI to $75 from $70 and keeps an Overweight rating on the shares.
Charles Minervino
Susquehanna
Buy
2024-10-30
Price Target
$75 → $70
Upside
+29.13%
Scott Deuschle
Deutsche Bank
Strong Buy
2024-10-03
Price Target
$81 → $84
Upside
+31.43%
