Vontier Corp (VNT) has entered oversold territory with an RSI of 29.6, indicating potential buying opportunities as the stock price has fallen to $33.46. The stock is trading near its lower Bollinger Band, suggesting increased volatility but also a potential rebound.
The Fibonacci levels indicate support at $32.12 and resistance at $34.33. The stock is currently trading near the lower end of its Fibonacci range, suggesting a potential bounce.
Based on the oversold RSI, strong analyst consensus, and Fibonacci support levels, Vontier Corp (VNT) is expected to rebound in the next trading week. The stock is likely to reach a price of $36.12.
Recommendation: Buy VNT with a target price of $36.12.
The price of VNT is predicted to go up -7.78%, based on the high correlation periods with KELYA. The similarity of these two price pattern on the periods is 98.65%.
VNT
KELYA
Vontier has inherited a proven business system of disciplined capital allocation and continuous improvement from its former parent companies, Danaher and Fortive.
The spinoff from Fortive will allow Vontier to redeploy capital to its business, as its former parent invested less than 5% of its total M&A capital in Vontier.
Vontier has built a large installed base that generates recurring revenue in the mid-20s.
Barclays
2025-02-14
Price Target
$45 → $46
Upside
+14.29%
Citigroup
2025-01-13
Price Target
$46 → $44
Upside
+23.04%
Barclays
2025-01-08
Price Target
$46 → $45
Upside
+24.58%