In the meantime, UBS downgraded its Embraer S.A. ADR [ERJ] rating to a Neutral from a a Buy in a research note published on March 26, 2024; the price target was increased to $28.50 from $21. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Citigroup also remained covering ERJ and has increased its forecast on October 16, 2023 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on January 09, 2023. It rated ERJ as “a Buy”.
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Price Performance Review of ERJ
On Tuesday, Embraer S.A. ADR [NYSE:ERJ] saw its stock fall -0.89% to $28.89. Over the last five days, the stock has gained 0.98%. Embraer S.A. ADR shares have risen nearly 56.59% since the year began. Nevertheless, the stocks have risen 81.36% over the past one year. While a 52-week high of $31.12 was reached on 05/17/24, a 52-week low of $12.48 was recorded on 01/04/24. SMA at 50 days reached $26.95, while 200 days put it at $19.82. A total of 2.33 million shares were traded, compared to the trading of 3.37 million shares in the previous session.
Levels Of Support And Resistance For ERJ Stock
The 24-hour chart illustrates a support level at 28.50, which if violated will result in even more drops to 28.12. On the upside, there is a resistance level at 29.61. A further resistance level may holdings at 30.34. The Relative Strength Index (RSI) on the 14-day chart is 56.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.65%. Stochastics %K at 51.19% indicates the stock is a holding.
The most recent change occurred on October 11, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $14 price target.
