Meanwhile, Wells Fargo downgraded its Diversified Healthcare Trust [DHC] rating to an Underweight from a an Equal weight in a research note published recently. Wells Fargo also remained covering DHC and has decreased its forecast on January 17, 2020 with a “an Equal weight” recommendation from previously “an Overweight” rating.
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Price Performance Review of DHC
On Tuesday, Diversified Healthcare Trust [NASDAQ:DHC] saw its stock fall -19.60% to $2.83. Over the last five days, the stock has lost -21.17%. Diversified Healthcare Trust shares have fallen nearly -24.33% since the year began. Nevertheless, the stocks have risen 15.51% over the past one year. While a 52-week high of $4.24 was reached on 09/30/24, a 52-week low of $1.94 was recorded on 05/08/24. SMA at 50 days reached $3.60, while 200 days put it at $3.00.
Levels Of Support And Resistance For DHC Stock
The 24-hour chart illustrates a support level at 2.55, which if violated will result in even more drops to 2.27. On the upside, there is a resistance level at 3.23. A further resistance level may holdings at 3.63. The Relative Strength Index (RSI) on the 14-day chart is 28.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.96%. Stochastics %K at 28.21% indicates the stock is a holding.
How much short interest is there in Diversified Healthcare Trust?
A steep rise in short interest was recorded in Diversified Healthcare Trust stocks on 2024-10-15, dropping by -1.09 million shares to a total of 6.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.67 million shares. There was a decline of -16.61%, which implies that there is a negative sentiment for the stock.
