Technical Analysis: TROW's technical indicators suggest a bearish trend in the short term. RSI-14 at 33.37 indicates oversold conditions but hasn't shown reversal signals yet. MACD (-1.93) remains negative with bearish momentum. The stock is trading below all major moving averages (5-day: 107.63, 20-day: 111.24, 200-day: 111.56).
Price Target Analysis: Based on Fibonacci levels, key resistance levels are at 110.87 and 112.31, while support levels are at 106.21 and 104.77. The stock is currently testing the first support level.
News Sentiment: Recent analyst actions and news indicate cautious sentiment:
Next Week's Price Prediction: Given the technical weakness, negative insider sentiment, and current market conditions, TROW is likely to test lower support levels next week.
Target price ranges:
Recommendation: SELL
The stock shows continued weakness in momentum indicators and negative institutional sentiment, suggesting further downside potential in the coming week.
The price of TROW is predicted to go up 18.71%, based on the high correlation periods with AES. The similarity of these two price pattern on the periods is 96.24%.
TROW
AES
With $1.485 trillion in AUM at the end of April 2024, T. Rowe Price is one of the larger US-based asset managers. Retirement accounts and variable-annuity portfolios, which are stickier than retail assets, account for two thirds of managed assets.
T. Rowe Price has capacity to grow its international fund offerings, allowing the firm's organic AUM growth to be bolstered once markets and performance recover.
While most of T. Rowe Price's AUM generate fees based on daily AUM levels rather than monthly or quarterly averages, revenue will rebound faster during favorable markets.
Morgan Stanley
2025-02-24
Price Target
$126 → $121
Upside
+13.54%
Keefe, Bruyette & Woods
2025-02-06
Price Target
$111 → $113
Upside
+1.4%
Barclays
2025-01-17
Price Target
$115 → $113
Downside
-0.19%