Meanwhile, Citigroup downgraded its Niu Technologies ADR [NIU] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Jefferies began covering NIU with “Hold” recommendation on April 14, 2022. UBS started covering the stock on August 09, 2021. It rated NIU as “a Sell”.
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Price Performance Review of NIU
On Tuesday, Niu Technologies ADR [NASDAQ:NIU] saw its stock fall -13.95% to $2.90. Over the last five days, the stock has gained 16.47%. Niu Technologies ADR shares have risen nearly 32.42% since the year began. Nevertheless, the stocks have risen 12.40% over the past one year. While a 52-week high of $3.50 was reached on 10/07/24, a 52-week low of $1.57 was recorded on 02/05/24. SMA at 50 days reached $2.00, while 200 days put it at $1.97.
Levels Of Support And Resistance For NIU Stock
The 24-hour chart illustrates a support level at 2.74, which if violated will result in even more drops to 2.58. On the upside, there is a resistance level at 3.13. A further resistance level may holdings at 3.36. The Relative Strength Index (RSI) on the 14-day chart is 67.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.59%. Stochastics %K at 82.61% indicates the stock is a selling.
How much short interest is there in Niu Technologies ADR?
A steep rise in short interest was recorded in Niu Technologies ADR stocks on 2024-09-13, growing by 60506.0 shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.01 million shares. There was a rise of 5.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 05, 2021 when Daiwa Securities began covering the stock and recommended ‘”an Outperform”‘ rating .
