As this happened, Jefferies downgraded its BHP Group Limited ADR [BHP] rating to a Hold from a a Buy in a research note published on October 04, 2024; the price target was decreased to $68 from $72. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “an Outperform”. Liberum revised its rating on March 05, 2024. It rated BHP as “a Hold” which previously was an “a Buy”.
Price Performance Review of BHP
On Tuesday, BHP Group Limited ADR [NYSE:BHP] saw its stock fall -0.64% to $48.18. Over the last five days, the stock has lost -1.23%. BHP Group Limited ADR shares have fallen nearly -1.33% since the year began. Nevertheless, the stocks have fallen -27.02% over the past one year. While a 52-week high of $66.13 was reached on 01/02/25, a 52-week low of $48.43 was recorded on 01/07/25. SMA at 50 days reached $52.38, while 200 days put it at $55.77.
Levels Of Support And Resistance For BHP Stock
The 24-hour chart illustrates a support level at 47.87, which if violated will result in even more drops to 47.55. On the upside, there is a resistance level at 48.73. A further resistance level may holdings at 49.28. The Relative Strength Index (RSI) on the 14-day chart is 30.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.62%. Stochastics %K at 3.99% indicates the stock is a buying.
How much short interest is there in BHP Group Limited ADR?
A steep rise in short interest was recorded in BHP Group Limited ADR stocks on 2024-12-13, dropping by -2.14 million shares to a total of 8.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.12 million shares. There was a decline of -23.9%, which implies that there is a negative sentiment for the stock.
