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Taking a look at what insiders are doing to gauge the NatWest Group Plc ADR (NWG)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NatWest Group Plc ADR shares valued at $290,514,351 were purchased by The Commissioners of His Majes on Oct 11 ’24. At $3.50 per share, The Commissioners of His Majes acquired 83,051,558 shares.

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As published in a research note from Jefferies on October 15, 2024, NatWest Group Plc ADR [NWG] has been rated up from an Underperform to a Buy. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 05, 2024, Kepler has initiated its “Buy” rating for NWG. Earlier on November 17, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for NWG stock which previously was a “an Equal weight”.

Analyzing NWG Stock Performance

During the last five days, there has been a drop of approximately -0.80%. Over the course of the year, NatWest Group Plc ADR shares have jumped approximately 76.91%. Shares of the company reached a 52-week high of $10.31 on 11/11/24 and a 52-week low of $5.16 on 02/13/24. A 50-day SMA is recorded $9.39, while a 200-day SMA reached $8.09. Nevertheless, trading volume fell to 1.76 million shares from 1.89 million shares the previous day.

Support And Resistance Levels for NatWest Group Plc ADR (NWG)

According to the 24-hour chart, there is a support level at 9.91, which, if violated, would cause prices to drop to 9.86. In the upper region, resistance lies at 10.03. The next price resistance is at 10.11. RSI (Relative Strength Index) is 56.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 43.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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