Following these proceedings, UBS downgraded its Vodafone Group plc ADR [VOD] rating to a Neutral from a a Buy in a research note published recently. Exane BNP Paribas also remained covering VOD and has decreased its forecast on December 07, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Exane BNP Paribas revised its rating on June 28, 2023. It rated VOD as “a Neutral” which previously was an “an Underperform”.
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Price Performance Review of VOD
On Tuesday, Vodafone Group plc ADR [NASDAQ:VOD] saw its stock fall -1.64% to $10.18. Over the last five days, the stock has gained 3.46%. Vodafone Group plc ADR shares have risen nearly 17.01% since the year began. Nevertheless, the stocks have risen 2.31% over the past one year. While a 52-week high of $10.37 was reached on 09/16/24, a 52-week low of $8.02 was recorded on 02/09/24. SMA at 50 days reached $9.51, while 200 days put it at $8.97.
Levels Of Support And Resistance For VOD Stock
The 24-hour chart illustrates a support level at 10.09, which if violated will result in even more drops to 10.01. On the upside, there is a resistance level at 10.27. A further resistance level may holdings at 10.37. The Relative Strength Index (RSI) on the 14-day chart is 61.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.76%. Stochastics %K at 83.79% indicates the stock is a selling.
How much short interest is there in Vodafone Group plc ADR?
A steep rise in short interest was recorded in Vodafone Group plc ADR stocks on 2024-08-30, dropping by -3.58 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.02 million shares. There was a decline of -55.69%, which implies that there is a negative sentiment for the stock.
