As this happened, BofA Securities downgraded its Air Products & Chemicals Inc [APD] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering APD and has increased its forecast on January 14, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on November 18, 2024. It rated APD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of APD
On Monday, Air Products & Chemicals Inc [NYSE:APD] saw its stock fall -0.80% to $326.62. Over the last five days, the stock has gained 2.78%. Air Products & Chemicals Inc shares have risen nearly 12.61% since the year began. Nevertheless, the stocks have risen 27.01% over the past one year. While a 52-week high of $337.00 was reached on 01/24/25, a 52-week low of $212.24 was recorded on 01/06/25. SMA at 50 days reached $311.40, while 200 days put it at $283.91.
Levels Of Support And Resistance For APD Stock
The 24-hour chart illustrates a support level at 322.02, which if violated will result in even more drops to 317.43. On the upside, there is a resistance level at 329.63. A further resistance level may holdings at 332.64. The Relative Strength Index (RSI) on the 14-day chart is 68.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.92%. Stochastics %K at 97.06% 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.
