Following these proceedings, BofA Securities downgraded its Banco Santander (Brasil) S.A. ADR [BSBR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “an Overweight”. BofA Securities also remained covering BSBR and has increased its forecast on May 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on October 16, 2023. It rated BSBR as “a Hold”.
Price Performance Review of BSBR
On Tuesday, Banco Santander (Brasil) S.A. ADR [NYSE:BSBR] saw its stock jump 2.77% to $4.08. Over the last five days, the stock has gained 4.88%. Banco Santander (Brasil) S.A. ADR shares have risen nearly 4.35% since the year began. Nevertheless, the stocks have fallen -34.51% over the past one year. While a 52-week high of $6.22 was reached on 01/07/25, a 52-week low of $3.75 was recorded on 01/02/25. SMA at 50 days reached $4.32, while 200 days put it at $5.07.
Levels Of Support And Resistance For BSBR Stock
The 24-hour chart illustrates a support level at 4.03, which if violated will result in even more drops to 3.97. On the upside, there is a resistance level at 4.14. A further resistance level may holdings at 4.19. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.38%. Stochastics %K at 56.57% indicates the stock is a holding.
How much short interest is there in Banco Santander (Brasil) S.A. ADR?
A steep rise in short interest was recorded in Banco Santander (Brasil) S.A. ADR stocks on 2024-12-13, growing by 0.54 million shares to a total of 1.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.93 million shares. There was a rise of 36.44%, which implies that there is a positive sentiment for the stock.
