Following these proceedings, HSBC Securities downgraded its Azul S.A. ADR [AZUL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early July from “an Overweight” to “a Neutral”. BofA Securities also remained covering AZUL and has decreased its forecast on April 18, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. HSBC Securities started covering the stock on September 22, 2023. It rated AZUL as “a Buy”.
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Price Performance Review of AZUL
On Tuesday, Azul S.A. ADR [NYSE:AZUL] saw its stock jump 15.36% to $3.53. Over the last five days, the stock has gained 63.43%. Azul S.A. ADR shares have fallen nearly -63.57% since the year began. Nevertheless, the stocks have fallen -56.79% over the past one year. While a 52-week high of $11.26 was reached on 01/02/24, a 52-week low of $2.02 was recorded on 09/10/24. SMA at 50 days reached $3.84, while 200 days put it at $6.37.
Levels Of Support And Resistance For AZUL Stock
The 24-hour chart illustrates a support level at 3.15, which if violated will result in even more drops to 2.77. On the upside, there is a resistance level at 3.72. A further resistance level may holdings at 3.91. The Relative Strength Index (RSI) on the 14-day chart is 55.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.29%. Stochastics %K at 54.21% indicates the stock is a holding.
How much short interest is there in Azul S.A. ADR?
A steep rise in short interest was recorded in Azul S.A. ADR stocks on 2024-08-30, growing by 0.73 million shares to a total of 10.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.31 million shares. There was a rise of 7.27%, which implies that there is a positive sentiment for the stock.
