Amphenol Corporation (NYSE: APH) Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. It operates through the following segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. The Harsh Environment Solutions segment manufactures and markets a broad range of ruggedized interconnect products, including connectors and interconnect systems,The company was founded by Schmitt J. Arthur in 1932 and is headquartered in Wallingford, CT.
Is APH a Wise Pick For 2024?
On the daily chart, APH stock witnessed a trendline breakout and has surpassed the neckline of $80. Furthermore, the stock has corrected and is looking to claim the three digit mark of $100.
As per the option chain data, short covering was witnessed and suggests that APH stock will skyrocket soon and will surpass the trajectory hurdle of $100.
The RSI curve is in the overbought zone and showed a bullish divergence indicating a bullish outlook for the upcoming sessions.The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the upcoming sessions.
APH Stock Price Prediction 2023
On the daily charts, APH stock price is heading for the round mark of $100 and highlighting the buying interest. Furthermore, the bulls looked aggressive and have acquired pace.
Based on the chart setup, stock may outperform and will reach the blue sky zone. If the buying momentum continues, APH stock has the potential to reach the maximum of $100, followed by $110.
On the contrary, APH stock may retest the downside of $75, followed by $70.
APH Stock Price Prediction 2024
On the monthly chart, APH stock has holded the trendline and pulled back decisively. Moreover, the stock is trading close to the breakout region and buyers are trying to escape the hurdle of $100. APH stock is trading in the bullish trajectory and buyers are showing their dominance. If bulls continue to outperform, APH stock will reach the maximum of $125 followed by $140.
On the contrary, if bears gain strength, APH stock will retest the lows of $70 followed by $60.
APH Stock Price Prediction 2025
On the 6 months chart, APH stock price is on the rise, growing exponentially. Moreover, the price action is favoring the bulls and suggesting that the performance may continue and stock will reach the highs of $150 in the next few years.
If APH stock slips below the 20 day EMA, APH stock will retest the 2020 low of $45.
Summary
APH stock price is trading above the significant moving averages and broke out of a trendline. Furthermore, the chart shows buying interest, suggesting that APH stock is likely to perform well in the coming sessions.
Technical Levels
Support Levels: $80 and $70
Resistance Levels: $135 and $150
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/11/05/aph-stock-price-prediction-2023-25-will-aph-claims-100/