As this happened, Wells Fargo downgraded its UGI Corp. [UGI] rating to an Equal weight from a an Overweight in a research note published on March 14, 2024; the price target was increased to $28 from $27. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Equal weight” to “an Overweight”. Mizuho began covering UGI with “Neutral” recommendation on April 26, 2023. Barclays revised its rating on January 18, 2023. It rated UGI as “an Underweight” which previously was an “an Equal weight”.
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Price Performance Review of UGI
On Tuesday, UGI Corp. [NYSE:UGI] saw its stock jump 2.30% to $25.33. Over the last five days, the stock has gained 6.61%. UGI Corp. shares have risen nearly 2.97% since the year began. Nevertheless, the stocks have risen 18.48% over the past one year. While a 52-week high of $26.15 was reached on 05/01/24, a 52-week low of $20.19 was recorded on 01/18/24. SMA at 50 days reached $24.29, while 200 days put it at $24.12.
Levels Of Support And Resistance For UGI Stock
The 24-hour chart illustrates a support level at 24.87, which if violated will result in even more drops to 24.41. On the upside, there is a resistance level at 25.68. A further resistance level may holdings at 26.03. The Relative Strength Index (RSI) on the 14-day chart is 64.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.57%. Stochastics %K at 71.91% indicates the stock is a holding.
How much short interest is there in UGI Corp.?
A steep rise in short interest was recorded in UGI Corp. stocks on 2024-09-30, dropping by -0.25 million shares to a total of 6.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.12 million shares. There was a decline of -3.69%, which implies that there is a negative sentiment for the stock.
