Analysis Summary for Mettler-Toledo International, Inc. Common Stock (MTD)
Date of Analysis: August 15th, 2024
Time Target: A down cycle composite arrives in October, after which, MTD should start fast increase into August of 2025.
Price Target: $1100 (+/- $20)
Projected Move: August 1st high of MTD is confirmed both by time AND price calculations. Now, MTD should decrease to its next cycle bottom expected to arrive in October. Note that since there is going to be a bottom to top fast move from October of 2024 into August of 2025 (+/- cycle variance), MTD can now be in a great trading configuration.
In summary: MTD will bottom around $1100 (+/- $20) by October of 2024 and then increase by about 50% over the next 9-10 months.
