Following these proceedings, Morgan Stanley initiated its Full Truck Alliance Co Ltd ADR [YMM] rating to an Overweight in a research note published on July 05, 2023; the price target was $9. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early February with a ‘”an Equal weight”‘ rating. Jefferies began covering YMM with “Buy” recommendation on December 01, 2022. Credit Suisse started covering the stock on June 29, 2022. It rated YMM as “an Outperform”.
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Price Performance Review of YMM
On Tuesday, Full Truck Alliance Co Ltd ADR [NYSE:YMM] saw its stock jump 3.22% to $9.30. Over the last five days, the stock has gained 10.45%. Full Truck Alliance Co Ltd ADR shares have risen nearly 32.67% since the year began. Nevertheless, the stocks have risen 32.10% over the past one year. While a 52-week high of $9.79 was reached on 09/30/24, a 52-week low of $5.70 was recorded on 03/07/24. SMA at 50 days reached $7.59, while 200 days put it at $7.59.
Levels Of Support And Resistance For YMM Stock
The 24-hour chart illustrates a support level at 9.06, which if violated will result in even more drops to 8.82. On the upside, there is a resistance level at 9.47. A further resistance level may holdings at 9.63. The Relative Strength Index (RSI) on the 14-day chart is 74.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.05%. Stochastics %K at 81.49% indicates the stock is a selling.
How much short interest is there in Full Truck Alliance Co Ltd ADR?
A steep rise in short interest was recorded in Full Truck Alliance Co Ltd ADR stocks on 2024-09-13, dropping by -3.63 million shares to a total of 31.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 35.5 million shares. There was a decline of -11.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 26, 2021 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $19.50 price target.
