Following these proceedings, Cantor Fitzgerald initiated its HIVE Digital Technologies Ltd [HIVE] rating to an Overweight in a research note published on October 29, 2024; the price target was $9. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. H.C. Wainwright also remained covering HIVE and has increased its forecast on August 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities started covering the stock on July 19, 2024. It rated HIVE as “a Buy”.
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Price Performance Review of HIVE
On Tuesday, HIVE Digital Technologies Ltd [NASDAQ:HIVE] saw its stock fall -0.49% to $4.07. Over the last five days, the stock has gained 3.56%. HIVE Digital Technologies Ltd shares have fallen nearly -10.15% since the year began. Nevertheless, the stocks have risen 17.29% over the past one year. While a 52-week high of $5.74 was reached on 11/13/24, a 52-week low of $2.18 was recorded on 05/08/24. SMA at 50 days reached $3.77, while 200 days put it at $3.28.
Levels Of Support And Resistance For HIVE Stock
The 24-hour chart illustrates a support level at 3.95, which if violated will result in even more drops to 3.84. On the upside, there is a resistance level at 4.17. A further resistance level may holdings at 4.28. The Relative Strength Index (RSI) on the 14-day chart is 50.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 22.75% indicates the stock is a holding.
How much short interest is there in HIVE Digital Technologies Ltd?
A steep rise in short interest was recorded in HIVE Digital Technologies Ltd stocks on 2024-11-15, dropping by -1.13 million shares to a total of 4.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.43 million shares. There was a decline of -26.13%, which implies that there is a negative sentiment for the stock.
