Meanwhile, TD Securities downgraded its Ballard Power Systems Inc [BLDP] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. HSBC Securities began covering BLDP with “Hold” recommendation on September 25, 2023. Citigroup started covering the stock on July 05, 2023. It rated BLDP as “a Neutral”.
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Price Performance Review of BLDP
On Tuesday, Ballard Power Systems Inc [NASDAQ:BLDP] saw its stock fall -3.47% to $1.67. Over the last five days, the stock has gained 5.03%. Ballard Power Systems Inc shares have fallen nearly -54.86% since the year began. Nevertheless, the stocks have fallen -54.37% over the past one year. While a 52-week high of $4.01 was reached on 01/02/24, a 52-week low of $1.52 was recorded on 10/25/24. SMA at 50 days reached $1.6964, while 200 days put it at $2.4741.
Levels Of Support And Resistance For BLDP Stock
The 24-hour chart illustrates a support level at 1.5833, which if violated will result in even more drops to 1.4967. On the upside, there is a resistance level at 1.7233. A further resistance level may holdings at 1.7767. The Relative Strength Index (RSI) on the 14-day chart is 50.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0490, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.45%. Stochastics %K at 61.18% indicates the stock is a holding.
How much short interest is there in Ballard Power Systems Inc?
A steep rise in short interest was recorded in Ballard Power Systems Inc stocks on 2024-10-15, dropping by -4.59 million shares to a total of 14.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 19.11 million shares. There was a decline of -31.65%, which implies that there is a negative sentiment for the stock.
