As this happened, Northland Capital downgraded its CNH Industrial NV [CNH] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late September from “a Mkt perform” to “an Outperform”. BMO Capital Markets began covering CNH with “Market perform” recommendation on August 09, 2024. Raymond James started covering the stock on June 28, 2024. It rated CNH as “a Mkt perform”.
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Price Performance Review of CNH
On Tuesday, CNH Industrial NV [NYSE:CNH] saw its stock fall -2.13% to $12.38. Over the last five days, the stock has gained 11.83%. CNH Industrial NV shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have risen 18.24% over the past one year. While a 52-week high of $13.30 was reached on 04/10/24, a 52-week low of $9.28 was recorded on 08/05/24. SMA at 50 days reached $11.15, while 200 days put it at $11.07.
Levels Of Support And Resistance For CNH Stock
The 24-hour chart illustrates a support level at 12.24, which if violated will result in even more drops to 12.10. On the upside, there is a resistance level at 12.49. A further resistance level may holdings at 12.61. The Relative Strength Index (RSI) on the 14-day chart is 66.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.82%. Stochastics %K at 93.75% indicates the stock is a selling.
How much short interest is there in CNH Industrial NV?
A steep rise in short interest was recorded in CNH Industrial NV stocks on 2024-11-15, growing by 1.64 million shares to a total of 50.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 49.03 million shares. There was a rise of 3.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.