Taking this into account, Deutsche Bank upgraded its Astrazeneca plc ADR [AZN] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid September from “a Hold” to “a Sell”. Goldman began covering AZN with “Buy” recommendation on May 30, 2024. Deutsche Bank revised its rating on April 16, 2024. It rated AZN as “a Hold” which previously was an “a Sell”.
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Price Performance Review of AZN
On Tuesday, Astrazeneca plc ADR [NASDAQ:AZN] saw its stock jump 0.62% to $65.19. Over the last five days, the stock has lost -1.63%. Astrazeneca plc ADR shares have fallen nearly -3.21% since the year began. Nevertheless, the stocks have risen 3.20% over the past one year. While a 52-week high of $87.68 was reached on 08/30/24, a 52-week low of $60.47 was recorded on 02/12/24. SMA at 50 days reached $76.20, while 200 days put it at $74.78.
Levels Of Support And Resistance For AZN Stock
The 24-hour chart illustrates a support level at 63.34, which if violated will result in even more drops to 61.49. On the upside, there is a resistance level at 66.64. A further resistance level may holdings at 68.09. The Relative Strength Index (RSI) on the 14-day chart is 22.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 11.51% indicates the stock is a buying.
How much short interest is there in Astrazeneca plc ADR?
A steep rise in short interest was recorded in Astrazeneca plc ADR stocks on 2024-10-15, dropping by -2.43 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.45 million shares. There was a decline of -60.25%, which implies that there is a negative sentiment for the stock.
