Atlantic Union Bankshares Corp (AUB) is currently trading at $32.68, with a Relative Strength Index (RSI) of 28.5, indicating oversold conditions. The stock has shown signs of potential exhaustion in selling pressure, which could signal a near-term reversal.
The Fibonacci levels suggest key resistance at $33.24 and support at $31.73. A break above $33.24 could signal a bullish reversal, while a drop below $31.73 may lead to further declines.
Recent news highlights AUB's entry into oversold territory, suggesting potential buying opportunities as selling pressure may be nearing exhaustion.
Based on the oversold RSI and potential for a technical bounce, AUB is expected to rise to $34.00 in the next trading week.
Buy AUB with a target price of $34.00 and a stop-loss at $31.50.
The price of AUB is predicted to go up -1.09%, based on the high correlation periods with IVR. The similarity of these two price pattern on the periods is 99.22%.
AUB
IVR
Keefe, Bruyette & Woods
2025-01-30
Price Target
$46 → $44
Upside
+16.19%
Piper Sandler
2025-01-13
Price Target
$51
Upside
+43.62%
Raymond James
2024-10-02
Price Target
$45 → $41
Upside
+13.48%