ORLY Price Prediction Next Week
Based on the provided data and recent market activity, here's the analysis for ORLY's price prediction for next week:
Technical Analysis
The stock shows a moderate upward trend with key technical levels:
- Support: $1,234.15
- Resistance: $1,257.78
- Current price: $1,254.00
RSI (14) at 62.76 indicates the stock is approaching but not yet in overbought territory. The MACD at 6.19 suggests positive momentum.
Recent Catalysts
- Morgan Stanley upgraded ORLY to overweight from equal weight with a price target of $1,450, representing ~15.6% upside potential
- The stock has risen in 6 of the last 10 trading days, gaining 4% over the past 2 weeks
- Professional business segment saw 15% year-over-year growth in ticket counts in Q3 2024
Price Target for Next Week Based on technical analysis and recent trading patterns:
- Expected trading range: $1,233.55 - $1,274.45
- Most likely scenario (60% probability): Bullish move toward $1,270, supported by:
- Strong institutional support
- Positive technical momentum
- Recent analyst upgrade
- Bearish scenario (30% probability): Pull back to support at $1,234
- Sideways scenario (10% probability): Consolidation around current levels
Trading Recommendation BUY with an entry point near $1,254, with:
- Initial target: $1,270
- Stop loss: $1,234
- Risk/reward ratio: 1:1.28
The stock shows strong fundamentals and positive technical signals, suggesting further upside potential in the coming week. The company's upcoming Q4 earnings report on February 5th could be a major catalyst.
ORLY Similar Chart Price Prediction
The price of ORLY is predicted to go up 15.19%, based on the high correlation periods with DXCM. The similarity of these two price pattern on the periods is 96.66%.
ORLY
DXCM
Up: 15.19%Similarity: 96.66%
ORLY Revenue Forecast
ORLY EPS Forecast
ORLY FAQs
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ORLY VS S&P500
O'Reilly's distribution network and supplier relationships are difficult to replicate and give the firm a durable edge as it pertains to product availability.
Demand variability for auto parts tends to be minimal relative to other retail categories and less susceptible to macroeconomic conditions due to its nondiscretionary nature.
The aftermarket auto parts industry is still highly fragmented, giving O'Reilly ample opportunity to leverage its existing distribution network to take market share from subscale peers.
ORLY Analyst's Forecast
Steven Forbes
Guggenheim
Strong Buy
Price Target
$1,275 → $1,400
Upside
+11.64%
Guggenheim raised the firm's price target on O'Reilly Automotive to $1,400 from $1,275 and keeps a Buy rating on the shares. The firm continues to expect comps to sequentially improve over the next 12 months, potentially back to mid-single digit positive, the analyst tells investors. In addition, the firm expects O'Reilly's EBIT margin to return to a net expansionary state following four consecutive years of EBIT margin compression, the analyst noted.
Simeon Gutman
Morgan Stanley
Hold → Buy
Price Target
$1,150 → $1,450
Upside
+16.83%
Tristan Thomas-Martin
BMO Capital
Buy
Price Target
$1,400
Upside
+10.18%