As this happened, RBC Capital Mkts initiated its Jumia Technologies Ag ADR [JMIA] rating to a Sector perform in a research note published on November 13, 2024; the price target was $5. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering JMIA and has increased its forecast on January 03, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on November 29, 2021. It rated JMIA as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of JMIA
On Friday, Jumia Technologies Ag ADR [NYSE:JMIA] saw its stock fall -1.07% to $3.70. Over the last five days, the stock has lost -3.39%. Jumia Technologies Ag ADR shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have risen 22.92% over the past one year. While a 52-week high of $15.04 was reached on 01/06/25, a 52-week low of $2.88 was recorded on 01/13/25. SMA at 50 days reached $4.06, while 200 days put it at $5.91.
Levels Of Support And Resistance For JMIA Stock
The 24-hour chart illustrates a support level at 3.64, which if violated will result in even more drops to 3.57. On the upside, there is a resistance level at 3.81. A further resistance level may holdings at 3.91. The Relative Strength Index (RSI) on the 14-day chart is 41.09, 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 bearish at 85.07%. Stochastics %K at 20.90% indicates the stock is a holding.
How much short interest is there in Jumia Technologies Ag ADR?
A steep rise in short interest was recorded in Jumia Technologies Ag ADR stocks on 2024-12-31, growing by 1.37 million shares to a total of 6.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.99 million shares. There was a rise of 21.47%, which implies that there is a positive sentiment for the stock.
