While this happened, Daiwa Securities upgraded its Bilibili Inc ADR [BILI] rating to a Buy from a a Neutral in a research note published on A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Neutral”. Goldman also remained covering BILI and has increased its forecast on September 26, 2024 with a “Buy” recommendation from previously “Neutral” rating.
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Price Performance Review of BILI
On Tuesday, Bilibili Inc ADR [NASDAQ:BILI] saw its stock fall -2.99% to $18.52. Over the last five days, the stock has lost -12.14%. Bilibili Inc ADR shares have risen nearly 52.18% since the year began. Nevertheless, the stocks have risen 32.38% over the past one year. While a 52-week high of $31.77 was reached on 10/02/24, a 52-week low of $8.80 was recorded on 01/22/24. SMA at 50 days reached $20.78, while 200 days put it at $15.32.
Levels Of Support And Resistance For BILI Stock
The 24-hour chart illustrates a support level at 18.35, which if violated will result in even more drops to 18.19. On the upside, there is a resistance level at 18.76. A further resistance level may holdings at 19.01. The Relative Strength Index (RSI) on the 14-day chart is 39.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.73%. Stochastics %K at 9.11% indicates the stock is a buying.
How much short interest is there in Bilibili Inc ADR?
A steep rise in short interest was recorded in Bilibili Inc ADR stocks on 2024-10-31, dropping by -1.09 million shares to a total of 17.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.99 million shares. There was a decline of -6.11%, which implies that there is a negative sentiment for the stock.
