Technical Analysis:
Based on recent price action, MAA shows a neutral to slightly bullish trend. The RSI-14 at 57.69 indicates moderate momentum, while the MACD (1.29) displays a positive signal with the histogram (0.55) above zero. The stock is trading above its 200-day SMA of $149.04, suggesting a long-term uptrend.
Price Levels:
- Fibonacci resistance levels: R1: $160.14, R2: $162.72
- Fibonacci support levels: S1: $151.76, S2: $149.18
- Current price ($157.00) is testing the upper Bollinger Band range
News Impact:
- Scotiabank upgraded MAA to Outperform with a $182 price target
- Mixed analyst ratings with Evercore ISI maintaining Hold (PT: $159), while Wells Fargo maintains Buy
Price Prediction for Next Week:
Based on technical indicators and recent analyst upgrades, MAA is likely to trade between $157-$162 next week. The stock shows potential for upward movement with:
- Strong support at $151.76
- Immediate resistance at $160.14
- Positive MACD momentum
- Healthy trading volume (688,437 shares)
Trading Recommendation:
BUY with entry point at current levels ($157.00). Set stop-loss at $151.76 (Fibonacci S1) and take profit at $162.72 (Fibonacci R2).
Technical Analysis:
Based on recent price action, MAA shows a neutral to slightly bullish trend. The RSI-14 at 57.69 indicates moderate momentum, while the MACD (1.29) displays a positive signal with the histogram (0.55) above zero. The stock is trading above its 200-day SMA of $149.04, suggesting a long-term uptrend.
Price Levels:
- Fibonacci resistance levels: R1: $160.14, R2: $162.72
- Fibonacci support levels: S1: $151.76, S2: $149.18
- Current price ($157.00) is testing the upper Bollinger Band range
News Impact:
- Scotiabank upgraded MAA to Outperform with a $182 price target
- Mixed analyst ratings with Evercore ISI maintaining Hold (PT: $159), while Wells Fargo maintains Buy
Price Prediction for Next Week:
Based on technical indicators and recent analyst upgrades, MAA is likely to trade between $157-$162 next week. The stock shows potential for upward movement with:
- Strong support at $151.76
- Immediate resistance at $160.14
- Positive MACD momentum
- Healthy trading volume (688,437 shares)
Trading Recommendation:
BUY with entry point at current levels ($157.00). Set stop-loss at $151.76 (Fibonacci S1) and take profit at $162.72 (Fibonacci R2).