As this happened, UBS downgraded its Vodafone Group plc ADR [VOD] rating to a Neutral from a a Buy in a research note published recently. Exane BNP Paribas also remained covering VOD and has decreased its forecast on December 07, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Exane BNP Paribas revised its rating on June 28, 2023. It rated VOD as “a Neutral” which previously was an “an Underperform”.
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Price Performance Review of VOD
On Tuesday, Vodafone Group plc ADR [NASDAQ:VOD] saw its stock fall -0.31% to $9.66. Over the last five days, the stock has lost -2.91%. Vodafone Group plc ADR shares have risen nearly 11.03% since the year began. Nevertheless, the stocks have risen 3.65% over the past one year. While a 52-week high of $10.39 was reached on 09/18/24, a 52-week low of $8.02 was recorded on 02/09/24. SMA at 50 days reached $9.75, while 200 days put it at $9.07.
Levels Of Support And Resistance For VOD Stock
The 24-hour chart illustrates a support level at 9.63, which if violated will result in even more drops to 9.59. On the upside, there is a resistance level at 9.69. A further resistance level may holdings at 9.73. The Relative Strength Index (RSI) on the 14-day chart is 40.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.46%. Stochastics %K at 15.08% indicates the stock is a buying.
How much short interest is there in Vodafone Group plc ADR?
A steep rise in short interest was recorded in Vodafone Group plc ADR stocks on 2024-09-13, dropping by -2.85 million shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.43 million shares. There was a decline of -79.5%, which implies that there is a negative sentiment for the stock.
