As this happened, Citigroup downgraded its YPF ADR [YPF] rating to a Neutral from a a Buy in a research note published on November 27, 2024; the price target was increased to $44 from $33. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Jefferies also remained covering YPF and has increased its forecast on August 30, 2024 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on May 23, 2024. It rated YPF as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of YPF
On Tuesday, YPF ADR [NYSE:YPF] saw its stock fall -0.17% to $40.15. Over the last five days, the stock has gained 2.27%. YPF ADR shares have risen nearly 133.57% since the year began. Nevertheless, the stocks have risen 148.61% over the past one year. While a 52-week high of $42.30 was reached on 11/25/24, a 52-week low of $14.53 was recorded on 01/17/24. SMA at 50 days reached $28.22, while 200 days put it at $22.68.
Levels Of Support And Resistance For YPF Stock
The 24-hour chart illustrates a support level at 39.48, which if violated will result in even more drops to 38.81. On the upside, there is a resistance level at 40.97. A further resistance level may holdings at 41.79. The Relative Strength Index (RSI) on the 14-day chart is 84.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.28%. Stochastics %K at 84.27% indicates the stock is a selling.
How much short interest is there in YPF ADR?
A steep rise in short interest was recorded in YPF ADR stocks on 2024-10-31, dropping by -1.27 million shares to a total of 6.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.05 million shares. There was a decline of -18.72%, which implies that there is a negative sentiment for the stock.
