Aptiv PLC increased earnings guidance for the full year (2023). For the period, the Aptiv company (NYSE: APTV) expects net sales to be in the range ($19,950 Million and $20,250 Million).
The Aptiv stock recently publicized its Q2 earning report on August 1st, 2023 and the reported earnings gave a positive surprise by 23.26% from the estimated earnings. Moreover, the reported revenue also gave a positive surprise by 7.73% from the estimated revenue.
APTV stock average volume is 1.866 Million and the current volume is 2.465 Million where the current volume is above average volume.
Aptiv has a debt-to-equity ratio of 68.1%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $22.10 Billion and total liabilities of $12.58 Billion.
Aptiv’s debt is $6.48 Billion, while its equity is $9.52 Billion. Moreover, Aptiv PLC (APTV) stock market capitalization is $27.519 Billion and the total revenue is $17.489 Billion. Moreover, the stock’s basic EPS is $3.29 and the price-to-earnings ratio is 30.21.
Technical Analysis of APTV Stock Price in 1-D Timeframe
The price action shows that Aptiv Platforms Inc. (NYSE: APTV) stock price took rejection at $113 and has been on a declining trend for the last month, decreasing by 13.15%, making lower highs and lower lows.
At the time of writing, APTV stock is trading at around $97.30 and facing nearest resistance around $103.01 and declined by making a bearish pattern which is a double top pattern and falling.
Therefore, if the APTV price fails to sustain the current level and drops, it might hit the nearest support levels of $95.97 and $91.88.
However, if it maintains the current level, the APTV prices could continue to move upward and reach the first and second resistances of $103.01 and $107.55.
At the time of publishing, Aptiv PLC (NYSE: APTV) is trading below the 20, 50, 100, and 200-day EMA (exponential moving averages), which rejects the APTV price trend.
Hence, the APTV price is expected to move downwards showing a bearish overview over the daily time frame chart.
The current value of RSI is 30.12 points. The 14 SMA is below the median line at 47.87 points which indicates that Aptiv stock is in bearish territory and the RSI line took rejection from 14 SMA and is headed towards an oversold zone highlighting bearishness.
The MACD line at 1.50 and signal line at 0.0572 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which signals bearishness for the Aptiv stock price.
Summary
Aptiv PLC (NYSE: APTV) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of Aptiv stock price also supports bearishness. The MACD, RSI, and EMA highlight negative signals and imply that a downtrend may continue in Aptiv stock price.
Technical Levels
- Support levels: $95.97 and $91.88
- Resistance levels: $103.01 and $107.55
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Saurav Bhattacharjee is in charge of the Broadcast development team of The Coin Republic.
He has been covering the Metaverse and NFT niche for the past 2 years.
With stellar interviews on his portfolio like Nicehash, Paxful, WallstreetWolvesNFT, Bitholla, Totemfi, EOS.io etc. Saurav has spearheaded the NFT SUPERSTARS AWARD and successfully hosted the first award in 2021.
Source: https://www.thecoinrepublic.com/2023/08/16/aptiv-stock-price-prediction-will-aptv-stock-price-fall-further/