Following these proceedings, Bernstein upgraded its BHP Group Limited ADR [BHP] rating to an Outperform from a a Mkt perform in a research note published recently. Liberum also remained covering BHP and has decreased its forecast on March 05, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on October 06, 2023. It rated BHP as “a Neutral” which previously was an “a Sell”.
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Price Performance Review of BHP
On Tuesday, BHP Group Limited ADR [NYSE:BHP] saw its stock jump 0.45% to $62.39. Over the last five days, the stock has gained 8.79%. BHP Group Limited ADR shares have fallen nearly -8.67% since the year began. Nevertheless, the stocks have risen 9.69% over the past one year. While a 52-week high of $69.11 was reached on 01/02/24, a 52-week low of $50.90 was recorded on 09/10/24. SMA at 50 days reached $54.59, while 200 days put it at $58.24.
Levels Of Support And Resistance For BHP Stock
The 24-hour chart illustrates a support level at 61.77, which if violated will result in even more drops to 61.15. On the upside, there is a resistance level at 62.75. A further resistance level may holdings at 63.12. The Relative Strength Index (RSI) on the 14-day chart is 74.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.73%. Stochastics %K at 97.17% indicates the stock is a selling.
How much short interest is there in BHP Group Limited ADR?
A steep rise in short interest was recorded in BHP Group Limited ADR stocks on 2024-09-13, growing by 1.56 million shares to a total of 11.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.02 million shares. There was a rise of 13.47%, which implies that there is a positive sentiment for the stock.
