As this happened, Citigroup downgraded its Axalta Coating Systems Ltd [AXTA] rating to a Neutral from a a Buy in a research note published on December 18, 2024; the price target was decreased to $41 from $45. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Sector weight”. Evercore ISI began covering AXTA with “an Outperform” recommendation on November 13, 2024. Wolfe Research started covering the stock on March 01, 2024. It rated AXTA as “a Peer perform”.
Price Performance Review of AXTA
On Tuesday, Axalta Coating Systems Ltd [NYSE:AXTA] saw its stock fall -1.04% to $34.21. Over the last five days, the stock has gained 0.59%. Axalta Coating Systems Ltd shares have fallen nearly -0.03% since the year began. Nevertheless, the stocks have risen 3.79% over the past one year. While a 52-week high of $41.65 was reached on 01/07/25, a 52-week low of $30.40 was recorded on 01/03/25. SMA at 50 days reached $37.90, while 200 days put it at $35.57.
Levels Of Support And Resistance For AXTA Stock
The 24-hour chart illustrates a support level at 33.88, which if violated will result in even more drops to 33.54. On the upside, there is a resistance level at 34.65. A further resistance level may holdings at 35.09. The Relative Strength Index (RSI) on the 14-day chart is 33.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.72%. Stochastics %K at 18.17% indicates the stock is a buying.
How much short interest is there in Axalta Coating Systems Ltd?
A steep rise in short interest was recorded in Axalta Coating Systems Ltd stocks on 2024-12-13, growing by 15295.0 shares to a total of 4.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.4 million shares. There was a rise of 0.35%, which implies that there is a positive sentiment for the stock.
