As this happened, Jefferies upgraded its YPF ADR [YPF] rating to a Buy from a a Hold in a research note published on August 30, 2024; the price target was increased to $30 from $23.50. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late May from “an Underperform” to “a Neutral”. Citigroup also remained covering YPF and has decreased its forecast on April 17, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on March 21, 2024. It rated YPF as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of YPF
On Tuesday, YPF ADR [NYSE:YPF] saw its stock jump 1.94% to $25.74. Over the last five days, the stock has gained 16.47%. YPF ADR shares have risen nearly 49.74% since the year began. Nevertheless, the stocks have risen 102.04% over the past one year. While a 52-week high of $25.40 was reached on 10/15/24, a 52-week low of $9.57 was recorded on 01/17/24. SMA at 50 days reached $22.41, while 200 days put it at $20.25.
Levels Of Support And Resistance For YPF Stock
The 24-hour chart illustrates a support level at 24.83, which if violated will result in even more drops to 23.93. On the upside, there is a resistance level at 26.20. A further resistance level may holdings at 26.67. The Relative Strength Index (RSI) on the 14-day chart is 72.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.42%. Stochastics %K at 97.01% indicates the stock is a selling.
How much short interest is there in YPF ADR?
A steep rise in short interest was recorded in YPF ADR stocks on 2024-09-30, growing by 0.35 million shares to a total of 8.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.7 million shares. There was a rise of 4.36%, which implies that there is a positive sentiment for the stock.
