As this happened, Morgan Stanley upgraded its BBVA Argentina ADR [BBAR] rating to an Overweight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late September from “a Reduce” to “a Hold”. HSBC Securities also remained covering BBAR and has decreased its forecast on July 21, 2020 with a “Reduce” recommendation from previously “Hold” rating.
Price Performance Review of BBAR
On Tuesday, BBVA Argentina ADR [NYSE:BBAR] saw its stock fall -1.33% to $22.96. Over the last five days, the stock has gained 20.52%. BBVA Argentina ADR shares have risen nearly 20.46% since the year began. Nevertheless, the stocks have risen 453.28% over the past one year. While a 52-week high of $24.29 was reached on 01/07/25, a 52-week low of $3.90 was recorded on 01/02/25. SMA at 50 days reached $17.11, while 200 days put it at $11.76.
Levels Of Support And Resistance For BBAR Stock
The 24-hour chart illustrates a support level at 22.14, which if violated will result in even more drops to 21.31. On the upside, there is a resistance level at 24.40. A further resistance level may holdings at 25.83. The Relative Strength Index (RSI) on the 14-day chart is 72.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.59%. Stochastics %K at 85.14% indicates the stock is a selling.
How much short interest is there in BBVA Argentina ADR?
A steep rise in short interest was recorded in BBVA Argentina ADR stocks on 2024-10-31, growing by 0.34 million shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.62 million shares. There was a rise of 17.23%, which implies that there is a positive sentiment for the stock.
