In the meantime, JP Morgan downgraded its ST Microelectronics [STM] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering STM and has decreased its forecast on November 04, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. TD Cowen maintained its rating on July 26, 2024. It rated STM as “a Buy”.
Price Performance Review of STM
On Tuesday, ST Microelectronics [NYSE:STM] saw its stock jump 0.80% to $26.41. Over the last five days, the stock has gained 5.77%. ST Microelectronics shares have risen nearly 5.77% since the year began. Nevertheless, the stocks have fallen -40.80% over the past one year. While a 52-week high of $49.05 was reached on 01/07/25, a 52-week low of $23.94 was recorded on 01/03/25. SMA at 50 days reached $25.94, while 200 days put it at $33.74.
Levels Of Support And Resistance For STM Stock
The 24-hour chart illustrates a support level at 26.13, which if violated will result in even more drops to 25.86. On the upside, there is a resistance level at 26.79. A further resistance level may holdings at 27.18. The Relative Strength Index (RSI) on the 14-day chart is 57.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.55%. Stochastics %K at 62.15% indicates the stock is a holding.
How much short interest is there in ST Microelectronics?
A steep rise in short interest was recorded in ST Microelectronics stocks on 2024-12-13, dropping by -1.91 million shares to a total of 7.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.22 million shares. There was a decline of -26.05%, which implies that there is a negative sentiment for the stock.
