Following these proceedings, Wells Fargo upgraded its Air Products & Chemicals Inc [APD] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Redburn Atlantic also remained covering APD and has increased its forecast on October 25, 2024 with a “Neutral” recommendation from previously “Sell” rating. Vertical Research revised its rating on October 07, 2024. It rated APD as “a Buy” which previously was an “a Hold”.
Price Performance Review of APD
On Friday, Air Products & Chemicals Inc [NYSE:APD] saw its stock jump 1.84% to $317.80. Over the last five days, the stock has gained 8.43%. Air Products & Chemicals Inc shares have risen nearly 9.57% since the year began. Nevertheless, the stocks have risen 22.16% over the past one year. While a 52-week high of $337.00 was reached on 01/17/25, a 52-week low of $212.24 was recorded on 01/06/25. SMA at 50 days reached $310.13, while 200 days put it at $281.79.
Levels Of Support And Resistance For APD Stock
The 24-hour chart illustrates a support level at 313.39, which if violated will result in even more drops to 308.98. On the upside, there is a resistance level at 320.15. A further resistance level may holdings at 322.50. The Relative Strength Index (RSI) on the 14-day chart is 66.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.80%. Stochastics %K at 94.56% indicates the stock is a selling.
How much short interest is there in Air Products & Chemicals Inc?
A steep rise in short interest was recorded in Air Products & Chemicals Inc stocks on 2024-12-31, dropping by -0.51 million shares to a total of 2.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.38 million shares. There was a decline of -17.92%, which implies that there is a negative sentiment for the stock.
