Following these proceedings, Barclays upgraded its Bilibili Inc ADR [BILI] rating to an Overweight from a an Equal weight in a research note published on August 23, 2024; the price target was increased to $19 from $14. A number of analysts have revised their coverage, including Nomura’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Daiwa Securities also remained covering BILI and has increased its forecast on August 22, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. JP Morgan revised its rating on June 20, 2024. It rated BILI as “an Overweight” which previously was an “a Neutral”.
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Price Performance Review of BILI
On Tuesday, Bilibili Inc ADR [NASDAQ:BILI] saw its stock jump 3.20% to $15.14. Over the last five days, the stock has gained 0.53%. Bilibili Inc ADR shares have risen nearly 24.40% since the year began. Nevertheless, the stocks have risen 9.71% over the past one year. While a 52-week high of $18.19 was reached on 06/24/24, a 52-week low of $8.80 was recorded on 01/22/24. SMA at 50 days reached $14.94, while 200 days put it at $12.94.
Levels Of Support And Resistance For BILI Stock
The 24-hour chart illustrates a support level at 14.89, which if violated will result in even more drops to 14.64. On the upside, there is a resistance level at 15.36. A further resistance level may holdings at 15.59. The Relative Strength Index (RSI) on the 14-day chart is 53.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.09%. Stochastics %K at 58.14% indicates the stock is a holding.
How much short interest is there in Bilibili Inc ADR?
A steep rise in short interest was recorded in Bilibili Inc ADR stocks on 2024-08-30, growing by 1.52 million shares to a total of 18.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.86 million shares. There was a rise of 8.27%, which implies that there is a positive sentiment for the stock.
