As this happened, UBS initiated its Constellium SE [CSTM] rating to a Buy in a research note published on January 16, 2024; the price target was $27. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early May with a ‘”an Overweight”‘ rating. JP Morgan also remained covering CSTM and has decreased its forecast on December 10, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Wolfe Research started covering the stock on November 17, 2021. It rated CSTM as “an Outperform”.
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Price Performance Review of CSTM
On Tuesday, Constellium SE [NYSE:CSTM] saw its stock fall -2.55% to $14.50. Over the last five days, the stock has lost -11.85%. Constellium SE shares have fallen nearly -27.35% since the year began. Nevertheless, the stocks have fallen -15.25% over the past one year. While a 52-week high of $23.20 was reached on 04/04/24, a 52-week low of $14.12 was recorded on 10/08/24. SMA at 50 days reached $16.18, while 200 days put it at $18.95.
Levels Of Support And Resistance For CSTM Stock
The 24-hour chart illustrates a support level at 14.41, which if violated will result in even more drops to 14.32. On the upside, there is a resistance level at 14.66. A further resistance level may holdings at 14.82. The Relative Strength Index (RSI) on the 14-day chart is 31.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.28%. Stochastics %K at 2.30% indicates the stock is a buying.
How much short interest is there in Constellium SE?
A steep rise in short interest was recorded in Constellium SE stocks on 2024-09-13, dropping by -0.44 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.49 million shares. There was a decline of -14.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2021 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
