Following these proceedings, Nomura upgraded its Stellantis N.V. [STLA] rating to a Buy from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in late June from “an Outperform” to “a Neutral”. Bernstein began covering STLA with “Mkt perform” recommendation on May 17, 2022. Berenberg started covering the stock on May 10, 2022. It rated STLA as “a Buy”.
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Price Performance Review of STLA
On Tuesday, Stellantis N.V. [NYSE:STLA] saw its stock fall -0.51% to $17.52. On the same session, the stock had its day’s lowest price of $17.50, but rose to a high of $17.76. Over the last five days, the stock has gained 5.16%. Stellantis N.V. shares have risen nearly 23.38% since the year began. Nevertheless, the stocks have fallen -8.51% over the past one year. While a 52-week high of $18.49 was reached on 02/23/23, a 52-week low of $11.37 was recorded on 01/03/23. SMA at 50 days reached $15.66, while 200 days put it at $14.19. A total of 4.69 million shares were traded, compared to the trading of 6.18 million shares in the previous session.
Levels Of Support And Resistance For STLA Stock
The 24-hour chart illustrates a support level at 17.43, which if violated will result in even more drops to 17.33. On the upside, there is a resistance level at 17.69. A further resistance level may holdings at 17.85. The Relative Strength Index (RSI) on the 14-day chart is 62.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.79%. Stochastics %K at 72.86% indicates the stock is a holding.
How much short interest is there in Stellantis N.V.?
A steep rise in short interest was recorded in Stellantis N.V. stocks on Jan 12, 2023, growing by 5.66 million shares to a total of 22.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 16.41 million shares. There was a rise of 25.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.32.
According to FactSet, Stellantis N.V.’s share price will average $22.49 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.22 percent from its previous closing price of $17.61. Analysts expect Stellantis N.V. stock to reach the higher price of $36.03, while the lowest price estimate is $18.07. However, 25 analysts have rated STLA stock as a Buy in their predictions for 2023.