Following these proceedings, Citigroup downgraded its Li Auto Inc ADR [LI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CLSA’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “an Outperform”. Barclays also remained covering LI and has decreased its forecast on April 25, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
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Price Performance Review of LI
On Tuesday, Li Auto Inc ADR [NASDAQ:LI] saw its stock jump 11.50% to $28.60. Over the last five days, the stock has gained 15.70%. Li Auto Inc ADR shares have fallen nearly -23.59% since the year began. Nevertheless, the stocks have fallen -19.78% over the past one year. While a 52-week high of $46.44 was reached on 02/27/24, a 52-week low of $17.44 was recorded on 08/28/24. SMA at 50 days reached $20.46, while 200 days put it at $26.26.
Levels Of Support And Resistance For LI Stock
The 24-hour chart illustrates a support level at 26.85, which if violated will result in even more drops to 25.10. On the upside, there is a resistance level at 29.56. A further resistance level may holdings at 30.52. The Relative Strength Index (RSI) on the 14-day chart is 77.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.68%. Stochastics %K at 86.31% indicates the stock is a selling.
How much short interest is there in Li Auto Inc ADR?
A steep rise in short interest was recorded in Li Auto Inc ADR stocks on 2024-09-13, dropping by -4.35 million shares to a total of 29.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 33.38 million shares. There was a decline of -14.97%, which implies that there is a negative sentiment for the stock.
