Following these proceedings, RBC Capital Mkts downgraded its Unilever plc ADR [UL] rating to an Underperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “an Underperform” to “a Buy”. TD Cowen began covering UL with “Buy” recommendation on July 23, 2024. Redburn Atlantic revised its rating on June 07, 2024. It rated UL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of UL
On Tuesday, Unilever plc ADR [NYSE:UL] saw its stock jump 0.76% to $55.85. Over the last five days, the stock has lost -1.60%. Unilever plc ADR shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 14.54% over the past one year. While a 52-week high of $65.87 was reached on 01/02/25, a 52-week low of $46.46 was recorded on 01/06/25. SMA at 50 days reached $58.71, while 200 days put it at $57.79.
Levels Of Support And Resistance For UL Stock
The 24-hour chart illustrates a support level at 55.64, which if violated will result in even more drops to 55.43. On the upside, there is a resistance level at 56.24. A further resistance level may holdings at 56.64. The Relative Strength Index (RSI) on the 14-day chart is 29.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.97%. Stochastics %K at 5.87% indicates the stock is a buying.
How much short interest is there in Unilever plc ADR?
A steep rise in short interest was recorded in Unilever plc ADR stocks on 2024-12-13, dropping by -0.44 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.38 million shares. There was a decline of -22.62%, which implies that there is a negative sentiment for the stock.
