Following these proceedings, Goldman initiated its NatWest Group Plc ADR [NWG] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Kepler’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Barclays also remained covering NWG and has increased its forecast on November 17, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Exane BNP Paribas revised its rating on November 07, 2023. It rated NWG as “an Outperform” which previously was an “an Underperform”.
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Price Performance Review of NWG
On Tuesday, NatWest Group Plc ADR [NYSE:NWG] saw its stock fall -0.96% to $9.28. Over the last five days, the stock has gained 1.64%. NatWest Group Plc ADR shares have risen nearly 64.83% since the year began. Nevertheless, the stocks have risen 64.83% over the past one year. While a 52-week high of $9.68 was reached on 07/29/24, a 52-week low of $4.30 was recorded on 02/13/24. SMA at 50 days reached $9.01, while 200 days put it at $7.54.
Levels Of Support And Resistance For NWG Stock
The 24-hour chart illustrates a support level at 9.20, which if violated will result in even more drops to 9.13. On the upside, there is a resistance level at 9.33. A further resistance level may holdings at 9.39. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.95%. Stochastics %K at 79.95% indicates the stock is a holding.
How much short interest is there in NatWest Group Plc ADR?
A steep rise in short interest was recorded in NatWest Group Plc ADR stocks on 2024-09-13, dropping by -0.46 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.25 million shares. There was a decline of -25.52%, which implies that there is a negative sentiment for the stock.
