As this happened, Goldman upgraded its Tuya Inc ADR [TUYA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late November from “an Equal-weight” to “an Overweight”. Morgan Stanley also remained covering TUYA and has decreased its forecast on February 22, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on May 14, 2021. It rated TUYA as “a Buy” which previously was an “a Neutral”.
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Price Performance Review of TUYA
On Tuesday, Tuya Inc ADR [NYSE:TUYA] saw its stock fall -5.52% to $1.71. Over the last five days, the stock has lost -3.39%. Tuya Inc ADR shares have fallen nearly -22.34% since the year began. Nevertheless, the stocks have risen 19.88% over the past one year. While a 52-week high of $2.39 was reached on 01/08/24, a 52-week low of $1.28 was recorded on 09/23/24. SMA at 50 days reached $1.5224, while 200 days put it at $1.7600.
Levels Of Support And Resistance For TUYA Stock
The 24-hour chart illustrates a support level at 1.6700, which if violated will result in even more drops to 1.6300. On the upside, there is a resistance level at 1.7500. A further resistance level may holdings at 1.7900. The Relative Strength Index (RSI) on the 14-day chart is 57.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1438, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.85%. Stochastics %K at 80.12% indicates the stock is a selling.
How much short interest is there in Tuya Inc ADR?
A steep rise in short interest was recorded in Tuya Inc ADR stocks on 2024-09-13, growing by 0.6 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.92 million shares. There was a rise of 39.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 13, 2021 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
