As this happened, Bernstein upgraded its Air Products & Chemicals Inc [APD] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Barclays also remained covering APD and has increased its forecast on January 24, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on January 14, 2025. It rated APD as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of APD
On Friday, Air Products & Chemicals Inc [NYSE:APD] saw its stock jump 0.05% to $335.26. Over the last five days, the stock has gained 1.82%. Air Products & Chemicals Inc shares have risen nearly 15.59% since the year began. Nevertheless, the stocks have risen 29.30% over the past one year. While a 52-week high of $337.00 was reached on 01/31/25, a 52-week low of $212.24 was recorded on 01/06/25. SMA at 50 days reached $312.76, while 200 days put it at $285.86.
Levels Of Support And Resistance For APD Stock
The 24-hour chart illustrates a support level at 333.06, which if violated will result in even more drops to 330.86. On the upside, there is a resistance level at 337.73. A further resistance level may holdings at 340.20. The Relative Strength Index (RSI) on the 14-day chart is 73.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.08%. Stochastics %K at 95.96% 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 2025-01-15, growing by 0.13 million shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.8 million shares. There was a rise of 4.56%, which implies that there is a positive sentiment for the stock.
