PPG Price Prediction Next Week
Technical Analysis: PPG's stock shows bearish momentum with RSI-14 at 43.65, indicating a neutral-to-bearish sentiment. The MACD line (-0.75) below the signal line suggests continued downward pressure. The stock is trading below all major moving averages (SMA 200: 124.98, SMA 60: 119.88), confirming a bearish trend.
Price Levels and Support/Resistance:
- Fibonacci resistance levels: R1: 118.61, R2: 120.16, R3: 122.66
- Fibonacci support levels: S1: 113.62, S2: 112.07, S3: 109.58
- Current price (114.80) is testing S1 support
News Impact: Recent Q4 results disappointed investors:
- EPS of $1.61 missed $1.65 expectations
- Revenue of $3.7B fell short of $4B forecast
- Stock dropped 6% following results
- Full-year 2025 EPS guidance: $7.75-$8.05
Next Week Price Prediction: Based on technical indicators and recent bearish momentum:
- Most likely scenario: Further decline to S2 level (112.07)
- If S1 (113.62) breaks, expect accelerated selling
- Maximum upside limited to R1 (118.61)
Trading Recommendation: SELL with target price of 112.07
- Entry: Current market price (114.80)
- Stop loss: Above R1 (118.61)
- Risk/Reward ratio: 1:1.2
The stock's underperformance (-16% past year vs S&P 500 +22.5%) and bearish technical setup suggest continued weakness in the near term.
PPG Similar Chart Price Prediction
The price of PPG is predicted to go up -0.73%, based on the high correlation periods with STAG. The similarity of these two price pattern on the periods is 94.65%.
PPG
STAG
Down: -0.73%Similarity: 94.65%
PPG Revenue Forecast
PPG EPS Forecast
PPG FAQs
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PPG VS S&P500
The company operates in a diverse range of end markets, leading to stable earnings even during industry-specific slowdowns.
Consolidation has characterized the coating industry during the past decade, and PPG can capture additional share as consolidation continues.
PPG's expanded partnership with Home Depot increases its professional paint line at the retailer. This strategy could increase PPG's market share in the professional paint market.
PPG Analyst's Forecast
Jeffrey Zekauskas
JP Morgan
Buy → Hold
2025-02-12
Price Target
$145 → $115
Upside
+0.17%
JPMorgan downgraded PPG (PPG) to Neutral from Overweight with a price target of $115, down from $145. The auto industry in 2025 is not growing, and PPG is giving up share, the analyst tells investors in a research note. The firm says Axalta (AXTA) appears to have better demand characteristics and better margin characteristics as well as lower valuation relative to PPG for 2025. The European construction markets are struggling and PPG is a cyclical company, contends JPMorgan.
David Begleiter
Deutsche Bank
Strong Buy
2024-12-19
Price Target
$150 → $145
Upside
+21.32%
Patrick Cunningham
Citigroup
Strong Buy
2024-12-18
Price Target
$150 → $145
Upside
+19.59%
