Following these proceedings, Wolfe Research upgraded its Axalta Coating Systems Ltd [AXTA] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. KeyBanc Capital Markets also remained covering AXTA and has decreased its forecast on December 17, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Evercore ISI started covering the stock on November 13, 2024. It rated AXTA as “an Outperform”.
Price Performance Review of AXTA
On Friday, Axalta Coating Systems Ltd [NYSE:AXTA] saw its stock fall -2.52% to $35.94. Over the last five days, the stock has lost -2.23%. Axalta Coating Systems Ltd shares have risen nearly 5.03% since the year began. Nevertheless, the stocks have risen 9.61% over the past one year. While a 52-week high of $41.65 was reached on 01/29/25, a 52-week low of $30.40 was recorded on 01/10/25. SMA at 50 days reached $37.06, while 200 days put it at $35.79.
Levels Of Support And Resistance For AXTA Stock
The 24-hour chart illustrates a support level at 35.58, which if violated will result in even more drops to 35.21. On the upside, there is a resistance level at 36.38. A further resistance level may holdings at 36.81. The Relative Strength Index (RSI) on the 14-day chart is 47.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.22%. Stochastics %K at 77.68% indicates the stock is a holding.
How much short interest is there in Axalta Coating Systems Ltd?
A steep rise in short interest was recorded in Axalta Coating Systems Ltd stocks on 2025-01-15, dropping by -0.18 million shares to a total of 4.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.41 million shares. There was a decline of -4.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
