Taking this into account, Macquarie downgraded its Li Auto Inc ADR [LI] rating to a Neutral from a an Outperform in a research note published on October 04, 2024; the price target was increased to $33 from $25. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Neutral”. CLSA also remained covering LI and has decreased its forecast on May 22, 2024 with a “an Outperform” recommendation from previously “Buy” rating. Barclays revised its rating on April 25, 2024. It rated LI as “an Equal weight” which previously was an “an Overweight”.
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Price Performance Review of LI
On Tuesday, Li Auto Inc ADR [NASDAQ:LI] saw its stock fall -7.07% to $22.61. Over the last five days, the stock has lost -11.47%. Li Auto Inc ADR shares have fallen nearly -39.59% since the year began. Nevertheless, the stocks have fallen -38.83% over the past one year. While a 52-week high of $46.44 was reached on 02/27/24, a 52-week low of $17.44 was recorded on 08/28/24. SMA at 50 days reached $24.57, while 200 days put it at $25.38.
Levels Of Support And Resistance For LI Stock
The 24-hour chart illustrates a support level at 22.31, which if violated will result in even more drops to 22.00. On the upside, there is a resistance level at 23.14. A further resistance level may holdings at 23.67. The Relative Strength Index (RSI) on the 14-day chart is 39.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.84%. Stochastics %K at 6.51% indicates the stock is a buying.
How much short interest is there in Li Auto Inc ADR?
A steep rise in short interest was recorded in Li Auto Inc ADR stocks on 2024-10-31, dropping by -0.81 million shares to a total of 27.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 28.48 million shares. There was a decline of -2.94%, which implies that there is a negative sentiment for the stock.
