Is a Breakout in the Charts for Aptiv?

NYSE: APTV | Aptiv PLC News, Ratings, and Charts

APTV – Aptiv PLC (APTV) was trending higher since last year, but a resistance line has formed in its chart. If the stock can break through this level, a breakout could soon occur. Read more to learn how to profit from this trade.

Aptiv PLC (APTV) is one of the leading global technology and mobility companies that serves the automotive industry. The company’s signal and power solutions segment supplies components and systems that make up a vehicle’s electrical system backbone, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems.

The company is poised to benefit from growing electrification, connectivity, and autonomy trends in the automotive industry. It is increasing investments in advanced technology. For instance, APTV has developed automated driving software and key active safety sensing technologies.

APTV had $2.8 billion in cash as of the end of the last quarter, compared with only $78 million in short-term debt. The company also has a debt-to-equity ratio of only 0.5. While earnings are down 76% over the past year, analysts forecast 161.8% year over year growth in the second quarter.

The stock does look overvalued with a trailing P/E of 103.14 and a forward P/E of 41.84. APTV has shown mixed performance this year as shown in the chart below.

Take a look at the 1-year chart of APTV below with added notations:

 Chart of APTV provided by TradingView

APTV has been making its way higher since last year, but the stock has recently struggled to get past the $160 resistance (red), which is also the 52- week high. APTV has recently dropped back, but a solid close above that $160 level should lead to much higher prices for the stock.

Click Here to Read the Greatest Trading Book Ever Written

The possible long position on the stock would be on a breakout above the $160 mark level with a protective stop placed under it.

Want to Discover More Great Trades?

I have explored virtually every flavor of technical analysis and chart pattern known to mankind. The sad fact is that the vast majority of them don’t work at all.

That is why I recently put together this special report to help investors focus on the only 5 chart patterns that matter…the ones that lead to the most timely and profitable stock trades. Click below to get your copy now!

5 WINNING Stock Chart Patterns

Have a good trading day!

Good luck!

Christian Tharp, CMT

@cmtstockcoach

Want More Great Investing Ideas?

3 Stocks to DOUBLE This Year


APTV shares were unchanged in premarket trading Friday. Year-to-date, APTV has gained 16.11%, versus a 16.48% rise in the benchmark S&P 500 index during the same period.


About the Author: Christian Tharp


I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
APTVGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Stock Market Alert: History Repeating Itself?

The last time we played around with tariffs was back in 2018 when we started a trade war with China. To say the least that was very negative for stocks as the S&P 500 (SPY) tanked the second half of the year. We need to learn from those history lessons to chart our course for investing in 2025. Read on for more...

3 Renewable Fuel Stocks With Big Potential

The renewable fuel sector is leading the global energy transition, driven by significant government initiatives that have accelerated the adoption of clean energy and fueled remarkable growth in recent years. So, investing in fundamentally stable renewable fuel stocks Vistra Corp. (VST), Duke Energy (DUK), and American Electric Power (AEP) could be a wise move for investors. Read on...

American Airlines (AAL) vs. Alaska Air Group (ALK): Which Airline Stock Is Set to Soar Higher?

The adoption of advanced technology and surging air travel demand are brightening the prospects for the airline industry. To analyze which airline stock is set to soar higher, let’s compare American Airlines Group (AAL) and Alaska Air Group (ALK). Read on to find out…

3 Warren Buffett Stocks That Are Smart Buys Now

Warren Buffett’s investment strategy has stood the test of time, delivering remarkable returns for decades. Currently, his portfolio includes Visa (V), VeriSign (VRSN), and DaVita (DVA) shares, which reflects his confidence in the long-term growth potential of these companies. So, could they be smart buys right now? Read on to find out…

Fade THIS Stock Market Rally

We all cheer when the S&P 500 (SPY) makes new highs as it did last week. Unfortunately the stars are aligning for more market downside in the near term. Get the full story now...

Read More Stories

More Aptiv PLC (APTV) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All APTV News