AVNT Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, AVNT shows mixed signals. The RSI-14 at 43.69 indicates a neutral position but trending towards oversold territory. The MACD line (0.07) is slightly above the signal line (0.11), suggesting weakening bullish momentum.
Price Levels and Support/Resistance:
- Fibonacci levels indicate key resistance at $44.42 and support at $42.28
- Current price at $42.09 is testing the lower support level
- The stock is trading below all major moving averages (SMA 5, 10, 20, 60, 200), indicating bearish pressure
News Impact:
- Deutsche Bank recently raised price target to $50 from $45, maintaining a Buy rating
- Company declared quarterly dividend of $0.27 per share, payable April 4
- Q4 adjusted EPS met consensus at $0.49
- FY25 guidance: adjusted EPS $2.70-$2.94
Price Prediction for Next Week: Based on technical indicators and recent news:
- Bearish Scenario (60% probability): Price likely to test $41.62 (Fibonacci S2)
- Base Case (30% probability): Consolidation between $42.28-$43.35
- Bullish Scenario (10% probability): Bounce towards $44.42 (Fibonacci R1)
Recommendation: SELL
- Current technical weakness and positioning below key moving averages
- Despite positive analyst outlook, short-term momentum indicators suggest further downside
- Optimal entry for short positions at current levels with stop loss at $43.35
AVNT Similar Chart Price Prediction
The price of AVNT is predicted to go up 2.93%, based on the high correlation periods with CHKP. The similarity of these two price pattern on the periods is 96.22%.
AVNT
CHKP
Up: 2.93%Similarity: 96.22%
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AVNT Analyst's Forecast
David Huang
Deutsche Bank
Strong Buy
2025-02-14
Price Target
$45 → $50
Upside
+15.69%
Deutsche Bank raised the firm's price target on Avient to $50 from $45 and keeps a Buy rating on the shares following the Q4 report. While defense "has clearly over-earned" and will likely continue to be above-trend in the near term, with innovation-driven business wins accelerating and portfolio diversification, the eventual normalization will likely be less pronounced than investors had expected and over a longer period of time, the analyst tells investors in a research note.
Michael Sison
Wells Fargo
Buy
2024-12-05
Price Target
$55 → $59
Upside
+18.02%
Matthew Harrison
Seaport Global
Strong Buy → Hold
2024-10-18
Price Target
n/a
Downside
0%
