In the meantime, Bernstein upgraded its CNH Industrial NV [CNH] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. Northland Capital also remained covering CNH and has decreased its forecast on November 11, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on September 24, 2024. It rated CNH as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CNH
On Tuesday, CNH Industrial NV [NYSE:CNH] saw its stock jump 0.18% to $11.38. Over the last five days, the stock has gained 1.52%. CNH Industrial NV shares have risen nearly 0.44% since the year began. Nevertheless, the stocks have fallen -5.64% over the past one year. While a 52-week high of $13.30 was reached on 01/06/25, a 52-week low of $9.28 was recorded on 01/03/25. SMA at 50 days reached $11.47, while 200 days put it at $11.01.
Levels Of Support And Resistance For CNH Stock
The 24-hour chart illustrates a support level at 11.30, which if violated will result in even more drops to 11.22. On the upside, there is a resistance level at 11.48. A further resistance level may holdings at 11.58. The Relative Strength Index (RSI) on the 14-day chart is 48.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.02%. Stochastics %K at 42.18% indicates the stock is a holding.
How much short interest is there in CNH Industrial NV?
A steep rise in short interest was recorded in CNH Industrial NV stocks on 2024-12-13, dropping by -7.42 million shares to a total of 43.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 50.67 million shares. There was a decline of -17.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $11 price target.
