Taking this into account, A number of analysts have revised their coverage, including CLSA’s analysts, who increased its forecast for the stock in late January from “an Outperform” to “a Buy”. JP Morgan also remained covering TAL and has increased its forecast on January 25, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman started covering the stock on November 24, 2023. It rated TAL as “a Buy”.
Price Performance Review of TAL
On Tuesday, TAL Education Group ADR [NYSE:TAL] saw its stock jump 3.17% to $11.39. Over the last five days, the stock has gained 12.55%. TAL Education Group ADR shares have fallen nearly -9.82% since the year began. Nevertheless, the stocks have risen 21.95% over the past one year. While a 52-week high of $15.52 was reached on 02/15/24, a 52-week low of $7.34 was recorded on 09/16/24. SMA at 50 days reached $9.29, while 200 days put it at $11.10.
Levels Of Support And Resistance For TAL Stock
The 24-hour chart illustrates a support level at 11.00, which if violated will result in even more drops to 10.61. On the upside, there is a resistance level at 11.72. A further resistance level may holdings at 12.05. The Relative Strength Index (RSI) on the 14-day chart is 61.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.97%. Stochastics %K at 39.10% indicates the stock is a holding.
How much short interest is there in TAL Education Group ADR?
A steep rise in short interest was recorded in TAL Education Group ADR stocks on 2024-09-30, growing by 3.49 million shares to a total of 31.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 27.57 million shares. There was a rise of 11.22%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 07, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $10.50 price target.
