Following these proceedings, Morgan Stanley upgraded its Sasol Ltd ADR [SSL] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. BofA/Merrill also remained covering SSL and has increased its forecast on December 18, 2019 with a “Buy” recommendation from previously “Neutral” rating. Goldman revised its rating on November 29, 2019. It rated SSL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SSL
On Tuesday, Sasol Ltd ADR [NYSE:SSL] saw its stock fall -4.08% to $4.47. Over the last five days, the stock has gained 0.22%. Sasol Ltd ADR shares have fallen nearly -1.97% since the year began. Nevertheless, the stocks have fallen -54.67% over the past one year. While a 52-week high of $9.87 was reached on 01/02/25, a 52-week low of $4.38 was recorded on 01/07/25. SMA at 50 days reached $5.20, while 200 days put it at $6.80.
Levels Of Support And Resistance For SSL Stock
The 24-hour chart illustrates a support level at 4.40, which if violated will result in even more drops to 4.32. On the upside, there is a resistance level at 4.53. A further resistance level may holdings at 4.58. The Relative Strength Index (RSI) on the 14-day chart is 36.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.33%. Stochastics %K at 33.85% indicates the stock is a holding.
How much short interest is there in Sasol Ltd ADR?
A steep rise in short interest was recorded in Sasol Ltd ADR stocks on 2024-12-13, growing by 1.79 million shares to a total of 5.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.16 million shares. There was a rise of 30.12%, which implies that there is a positive sentiment for the stock.
