As this happened, UBS upgraded its Bilibili Inc ADR [BILI] rating to a Buy from a a Neutral in a research note published on May 31, 2024; the price target was increased to $18 from $11.90. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late May from “an Underweight” to “an Equal weight”. CLSA also remained covering BILI and has increased its forecast on May 10, 2024 with a “Buy” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on March 11, 2024. It rated BILI as “a Neutral” which previously was an “an Underweight”.
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Price Performance Review of BILI
On Tuesday, Bilibili Inc ADR [NASDAQ:BILI] saw its stock fall -1.76% to $13.95. Over the last five days, the stock has lost -6.44%. Bilibili Inc ADR shares have risen nearly 14.63% since the year began. Nevertheless, the stocks have fallen -13.41% over the past one year. While a 52-week high of $19.15 was reached on 05/17/24, a 52-week low of $8.80 was recorded on 01/22/24. SMA at 50 days reached $13.45, while 200 days put it at $12.50. A total of 5.29 million shares were traded, compared to the trading of 6.05 million shares in the previous session.
Levels Of Support And Resistance For BILI Stock
The 24-hour chart illustrates a support level at 13.76, which if violated will result in even more drops to 13.56. On the upside, there is a resistance level at 14.17. A further resistance level may holdings at 14.39. The Relative Strength Index (RSI) on the 14-day chart is 46.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.88%. Stochastics %K at 19.92% indicates the stock is a buying.
