Taking this into account, Daiwa Securities downgraded its Bilibili Inc ADR [BILI] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Barclays revised its rating on August 23, 2024. It rated BILI as “an Overweight” which previously was an “an Equal weight”.
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Price Performance Review of BILI
On Tuesday, Bilibili Inc ADR [NASDAQ:BILI] saw its stock fall -6.92% to $20.31. Over the last five days, the stock has lost -11.85%. Bilibili Inc ADR shares have risen nearly 66.89% since the year began. Nevertheless, the stocks have risen 48.68% over the past one year. While a 52-week high of $31.77 was reached on 10/02/24, a 52-week low of $8.80 was recorded on 01/22/24. SMA at 50 days reached $17.43, while 200 days put it at $13.97.
Levels Of Support And Resistance For BILI Stock
The 24-hour chart illustrates a support level at 19.99, which if violated will result in even more drops to 19.67. On the upside, there is a resistance level at 20.88. A further resistance level may holdings at 21.44. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.91%. Stochastics %K at 22.92% indicates the stock is a holding.
How much short interest is there in Bilibili Inc ADR?
A steep rise in short interest was recorded in Bilibili Inc ADR stocks on 2024-09-30, growing by 0.61 million shares to a total of 18.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.38 million shares. There was a rise of 3.23%, which implies that there is a positive sentiment for the stock.
