TTMI Price Prediction Next Week
Analysis and Insights
To predict the stock price of TTM Technologies (TTMI) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
TTMI's stock price is currently trading at $23.38, with key technical indicators suggesting mixed signals. The RSI_6 is at 57.17, indicating a neutral position, while the RSI_14 is at 45.82, suggesting potential oversold conditions. The MACD is slightly bearish at -0.67, with a signal line of 0.08, indicating a potential sell signal.
Fibonacci Levels:
The Fibonacci levels indicate key resistance and support levels:
- Pivot: $22.04
- Resistance Levels: $22.73, $23.15, $23.84
- Support Levels: $21.35, $20.93, $20.24
News Sentiment:
Recent news includes the appointment of James P. Walsh as the new COO, which may stabilize operations but has not yet significantly impacted the stock price. Additionally, TTMI's stock has been upgraded from a "Sell" to a "Hold/Accumulate" rating, suggesting improving sentiment.
Price Prediction:
Based on the technical analysis and Fibonacci levels, TTMI is expected to trade between $22.40 and $23.60 next week. The stock may face resistance at $23.60 and support at $22.40.
Recommendation:
Sell at $23.60 and Buy at $22.40, expecting a retest of lower support levels.
TTMI Similar Chart Price Prediction
The price of TTMI is predicted to go up -25.91%, based on the high correlation periods with WINT. The similarity of these two price pattern on the periods is 97.67%.
TTMI
WINT
Down: -25.91%Similarity: 97.67%
TTMI Revenue Forecast
TTMI EPS Forecast
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TTMI Analyst's Forecast
Ruben Roy
Stifel
Strong Buy
2025-02-11
Price Target
$33
Upside
+25.09%
Stifel analyst Ruben Roy resumed coverage of TTM Technologies with a Buy rating and $33 price target. The firm views TTM "positively," citing the company's revenue diversification momentum as well as management efforts to emphasize strategic customers and segments while reducing dependence on cyclical markets, the analyst tells investors. As complexities of every area of data center designs continue to escalate, the firm believes TTM will likely remain well positioned, the analyst added.
James Ricchiuti
Needham
Strong Buy
2024-12-09
Price Target
$26 → $30
Upside
+21.36%
