Following these proceedings, Morgan Stanley upgraded its Suzano S.A. ADR [SUZ] rating to an Equal-weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “an Overweight”. Goldman also remained covering SUZ and has increased its forecast on October 19, 2020 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on August 20, 2020. It rated SUZ as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SUZ
On Tuesday, Suzano S.A. ADR [NYSE:SUZ] saw its stock fall -0.49% to $10.18. Over the last five days, the stock has gained 1.09%. Suzano S.A. ADR shares have risen nearly 0.59% since the year began. Nevertheless, the stocks have fallen -4.63% over the past one year. While a 52-week high of $12.56 was reached on 01/03/25, a 52-week low of $8.50 was recorded on 01/02/25. SMA at 50 days reached $10.34, while 200 days put it at $10.23.
Levels Of Support And Resistance For SUZ Stock
The 24-hour chart illustrates a support level at 10.11, which if violated will result in even more drops to 10.03. On the upside, there is a resistance level at 10.29. A further resistance level may holdings at 10.40. The Relative Strength Index (RSI) on the 14-day chart is 53.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.37%. Stochastics %K at 55.93% indicates the stock is a holding.
How much short interest is there in Suzano S.A. ADR?
A steep rise in short interest was recorded in Suzano S.A. ADR stocks on 2024-12-13, growing by 0.37 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.83 million shares. There was a rise of 16.75%, which implies that there is a positive sentiment for the stock.
