Following these proceedings, 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 Monday, Jumia Technologies Ag ADR [NYSE:JMIA] saw its stock fall -3.02% to $3.86. Over the last five days, the stock has gained 4.32%. Jumia Technologies Ag ADR shares have risen nearly 1.05% since the year began. Nevertheless, the stocks have risen 32.65% over the past one year. While a 52-week high of $15.04 was reached on 01/06/25, a 52-week low of $2.89 was recorded on 01/13/25. SMA at 50 days reached $4.02, while 200 days put it at $5.87.
Levels Of Support And Resistance For JMIA Stock
The 24-hour chart illustrates a support level at 3.78, which if violated will result in even more drops to 3.70. On the upside, there is a resistance level at 3.92. A further resistance level may holdings at 3.99. The Relative Strength Index (RSI) on the 14-day chart is 46.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.19%. Stochastics %K at 48.76% 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.
