AYI Price Prediction Next Week
Technical Analysis: AYI is currently showing bearish signals in short-term technical indicators. The RSI-14 at 38.17 indicates a weakening momentum, while the MACD histogram (-1.65) suggests increasing downward pressure .
Price Levels and Support/Resistance:
- Current Price: $309.31
- Fibonacci Resistance Levels:
- R1: $331.03
- R2: $337.24
- R3: $347.30
- Fibonacci Support Levels:
- S1: $310.91
- S2: $304.69
- S3: $294.63
News Sentiment and Fundamentals: Recent analysis shows strong fundamental metrics:
- Historical EPS growth rate: 16.7%
- Projected EPS growth: 9.5% (exceeding industry average of 7.4%)
- Cash flow growth: 6.1% (above industry average of -1.3%)
- Received 100% rating from Validea's Multi-Factor Investor model
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels, AYI is likely to test the S1 support at $310.91 early in the week. If this level breaks, expect further decline to S2 at $304.69.
Target Price Range: $304-$311
Recommendation: SELL Rationale:
- Weakening technical indicators
- Price approaching critical support levels
- RSI showing continued downward momentum
- Negative MACD histogram indicating increasing selling pressure
AYI Similar Chart Price Prediction
The price of AYI is predicted to go up -0.24%, based on the high correlation periods with HNI. The similarity of these two price pattern on the periods is 90.89%.
AYI
HNI
Down: -0.24%Similarity: 90.89%
AYI Revenue Forecast
AYI EPS Forecast
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AYI Analyst's Forecast
Christopher Glynn
Oppenheimer
Buy
2025-01-09
Price Target
$370 → $380
Upside
+24.48%
Oppenheimer analyst Christopher Glynn raised the firm's price target on Acuity Brands to $380 from $370 and keeps an Outperform rating on the shares following the Q1 report. The company "continues to expand organically with impressive consistency," the analyst tells investors in a research note. The firm cites Acuity's strong momentum, balance sheet optionality, and an execution profile driving increasingly consistent results for the target increase.
Christopher Glynn
Oppenheimer
Buy
2024-10-02
Price Target
$315 → $370
Upside
+23.25%
Timothy Wojs
Baird
Hold
2024-10-02
Price Target
$280 → $318
Upside
+5.93%
