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Investing in Astrazeneca plc ADR (AZN) Is Getting More Attractive

Meanwhile, Deutsche Bank downgraded its Astrazeneca plc ADR [AZN] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Deutsche Bank also remained covering AZN and has increased its forecast on April 16, 2024 with a “Hold” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on February 08, 2024. It rated AZN as “a Sell” which previously was an “a Hold”.

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Price Performance Review of AZN

On Tuesday, Astrazeneca plc ADR [NASDAQ:AZN] saw its stock fall -0.65% to $78.53. Over the last five days, the stock has lost -3.24%. Astrazeneca plc ADR shares have risen nearly 16.60% since the year began. Nevertheless, the stocks have risen 15.03% over the past one year. While a 52-week high of $87.68 was reached on 08/30/24, a 52-week low of $60.47 was recorded on 02/12/24. SMA at 50 days reached $81.56, while 200 days put it at $73.08.

Levels Of Support And Resistance For AZN Stock

The 24-hour chart illustrates a support level at 78.06, which if violated will result in even more drops to 77.59. On the upside, there is a resistance level at 79.15. A further resistance level may holdings at 79.78. The Relative Strength Index (RSI) on the 14-day chart is 32.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.59%. Stochastics %K at 9.25% indicates the stock is a buying.

How much short interest is there in Astrazeneca plc ADR?

A steep rise in short interest was recorded in Astrazeneca plc ADR stocks on 2024-08-30, growing by 3.15 million shares to a total of 8.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.71 million shares. There was a rise of 35.58%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 23, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $85 price target.

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