While this happened, Morgan Stanley upgraded its Equinor ASA ADR [EQNR] rating to an Overweight from a an Equal-weight in a research note published on January 07, 2025; the price target was increased to $30.90 from $25.80. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “an Overweight”. Barclays also remained covering EQNR and has increased its forecast on November 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Redburn Atlantic revised its rating on November 20, 2024. It rated EQNR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EQNR
On Tuesday, Equinor ASA ADR [NYSE:EQNR] saw its stock jump 3.52% to $25.85. Over the last five days, the stock has gained 10.85%. Equinor ASA ADR shares have risen nearly 9.12% since the year began. Nevertheless, the stocks have fallen -14.03% over the past one year. While a 52-week high of $29.12 was reached on 01/07/25, a 52-week low of $21.83 was recorded on 01/02/25. SMA at 50 days reached $23.68, while 200 days put it at $26.10.
Levels Of Support And Resistance For EQNR Stock
The 24-hour chart illustrates a support level at 25.48, which if violated will result in even more drops to 25.11. On the upside, there is a resistance level at 26.14. A further resistance level may holdings at 26.43. The Relative Strength Index (RSI) on the 14-day chart is 68.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.99%. Stochastics %K at 93.87% indicates the stock is a selling.
How much short interest is there in Equinor ASA ADR?
A steep rise in short interest was recorded in Equinor ASA ADR stocks on 2024-12-13, dropping by -1.33 million shares to a total of 14.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.53 million shares. There was a decline of -9.38%, which implies that there is a negative sentiment for the stock.
