Technical Analysis:
Based on recent price action, PAC shows a downward trend with lower highs and lower lows. The stock has declined from $151.25 to $149.40 over the past week.
Support/Resistance Levels:
- Immediate resistance: $151.00
- Key support: $147.20
- Current price ($149.40) is testing the middle of this range
News Impact:
- Positive passenger traffic growth of 3.4% in December 2024 compared to previous year
- Strong performance at key airports: Guadalajara (+8.2%) and Tijuana (+2.7%)
- Improved load factors to 85.5% despite 3.1% decrease in available seats
- Bank of America maintains Buy rating with $206 price target
Price Prediction for Next Week:
Based on technical indicators and positive fundamental factors:
- Bullish scenario (60% probability): Price likely to test $152-153 range
- Bearish scenario (40% probability): May retest support at $147 level
Target Price: $152.50 by end of next week
Recommendation: BUY
- Entry point: Current level ($149.40)
- Stop loss: $146.80
- Take profit: $152.50
The positive passenger traffic growth and analyst confidence support an upward movement, while technical indicators suggest the stock is oversold at current levels.
Technical Analysis:
Based on recent price action, PAC shows a downward trend with lower highs and lower lows. The stock has declined from $151.25 to $149.40 over the past week.
Support/Resistance Levels:
- Immediate resistance: $151.00
- Key support: $147.20
- Current price ($149.40) is testing the middle of this range
News Impact:
- Positive passenger traffic growth of 3.4% in December 2024 compared to previous year
- Strong performance at key airports: Guadalajara (+8.2%) and Tijuana (+2.7%)
- Improved load factors to 85.5% despite 3.1% decrease in available seats
- Bank of America maintains Buy rating with $206 price target
Price Prediction for Next Week:
Based on technical indicators and positive fundamental factors:
- Bullish scenario (60% probability): Price likely to test $152-153 range
- Bearish scenario (40% probability): May retest support at $147 level
Target Price: $152.50 by end of next week
Recommendation: BUY
- Entry point: Current level ($149.40)
- Stop loss: $146.80
- Take profit: $152.50
The positive passenger traffic growth and analyst confidence support an upward movement, while technical indicators suggest the stock is oversold at current levels.