While this happened, A number of analysts have revised their coverage, including Edward Jones’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Canaccord Genuity also remained covering BCE and has decreased its forecast on November 05, 2024 with a “Hold” recommendation from previously “Buy” rating. CIBC revised its rating on April 23, 2024. It rated BCE as “a Sector outperform” which previously was an “a Neutral”.
Price Performance Review of BCE
On Tuesday, BCE Inc [NYSE:BCE] saw its stock fall -0.33% to $23.86. Over the last five days, the stock has gained 5.90%. BCE Inc shares have risen nearly 2.93% since the year began. Nevertheless, the stocks have fallen -41.51% over the past one year. While a 52-week high of $41.77 was reached on 01/07/25, a 52-week low of $22.18 was recorded on 01/02/25. SMA at 50 days reached $26.63, while 200 days put it at $31.94.
Levels Of Support And Resistance For BCE Stock
The 24-hour chart illustrates a support level at 23.75, which if violated will result in even more drops to 23.63. On the upside, there is a resistance level at 24.08. A further resistance level may holdings at 24.29. The Relative Strength Index (RSI) on the 14-day chart is 38.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.00%. Stochastics %K at 66.74% indicates the stock is a holding.
How much short interest is there in BCE Inc?
A steep rise in short interest was recorded in BCE Inc stocks on 2024-12-13, dropping by -6.78 million shares to a total of 45.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 52.48 million shares. There was a decline of -14.84%, which implies that there is a negative sentiment for the stock.
