Taking this into account, A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid March from “an Overweight” to “a Neutral”. Bernstein began covering PSNY with “an Underperform” recommendation on January 24, 2024. Piper Sandler started covering the stock on November 01, 2023. It rated PSNY as “an Overweight”.
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Price Performance Review of PSNY
On Tuesday, Polestar Automotive Holding UK PLC ADR [NASDAQ:PSNY] saw its stock jump 1.16% to $1.74. Polestar Automotive Holding UK PLC ADR shares have fallen nearly -23.01% since the year began. Nevertheless, the stocks have fallen -34.09% over the past one year. While a 52-week high of $2.94 was reached on 01/31/24, a 52-week low of $0.61 was recorded on 08/05/24. SMA at 50 days reached $1.1371, while 200 days put it at $1.3870.
Levels Of Support And Resistance For PSNY Stock
The 24-hour chart illustrates a support level at 1.6500, which if violated will result in even more drops to 1.5600. On the upside, there is a resistance level at 1.8000. A further resistance level may holdings at 1.8600. The Relative Strength Index (RSI) on the 14-day chart is 62.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0826, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.22%. Stochastics %K at 65.77% indicates the stock is a holding.
How much short interest is there in Polestar Automotive Holding UK PLC ADR?
A steep rise in short interest was recorded in Polestar Automotive Holding UK PLC ADR stocks on 2024-09-13, dropping by -8.0 million shares to a total of 35.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 43.53 million shares. There was a decline of -22.53%, which implies that there is a negative sentiment for the stock.
