ATMU Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Ratings:
Recent news indicates mixed sentiments for Atmus Filtration Technologies (ATMU). Wells Fargo lowered its price target from $40 to $39, citing challenges in 2025 despite strong 2024 performance. However, other analysts maintain a bullish stance, with a price target of $49, reflecting confidence in the company's growth prospects. The Zacks Industry Outlook highlights growth potential in the Pollution Control sector but notes challenges from shifting energy sources.
Technical Analysis:
The stock is currently trading at $36.98, with key technical indicators suggesting a potential reversal. The RSI (14) is at 41.21, indicating oversold conditions, while the MACD is bearish but nearing a crossover. Fibonacci levels show a pivot point at $37.69, with resistance at $39.42 and support at $35.95.
Price Target and Recommendation:
Based on the analysis, the stock is expected to test the lower Fibonacci support level before potentially rebounding. A buy signal is anticipated if the stock breaks above the pivot point of $37.69, targeting the Fibonacci resistance level of $39.42.
Prediction: The stock price of ATMU is expected to reach $39.42 in the next trading week.
Recommendation: Buy if the stock crosses above $37.69, with a stop-loss at $34.87.
ATMU Similar Chart Price Prediction
The price of ATMU is predicted to go up 6.21%, based on the high correlation periods with PCRX. The similarity of these two price pattern on the periods is 96.37%.
ATMU
PCRX
Up: 6.21%Similarity: 96.37%
ATMU Revenue Forecast
ATMU EPS Forecast
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ATMU Analyst's Forecast
Bobby Brooks
Northland Capital Markets
Buy
2024-11-12
Price Target
$49 → $50
Upside
+15.69%
Northland analyst Bobby Brooks raised the firm's price target on Atmus Filtration to $50 from $49 and keeps an Outperform rating on the shares. Atmus "continues to put up strong results despite a weak backdrop in logistics/trucking," which exemplify how well management is executing on its post-split plans, the analyst tells investors in a post-earnings note.
Robert Mason
Baird
Buy
2024-11-12
Price Target
$42 → $48
Upside
+11.06%
Robert Mason
Baird
Buy
2024-10-16
Price Target
$37 → $42
Upside
+5%
