As published in a research note from Goldman on April 29, 2024, America Movil S.A.B.DE C.V. ADR [AMX] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $21. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of October 20, 2023, HSBC Securities has increased its “Hold” rating to a “Buy” for AMX. Earlier on October 05, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AMX stock which previously was a “a Neutral”.
Analyzing AMX Stock Performance
During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, America Movil S.A.B.DE C.V. ADR shares have jumped approximately 2.17%. Shares of the company reached a 52-week high of $14.63 on 02/06/25 and a 52-week low of $13.63 on 01/13/25. A 50-day SMA is recorded $14.40, while a 200-day SMA reached $16.48. Nevertheless, trading volume fell to 1.53 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for America Movil S.A.B.DE C.V. ADR (AMX)
According to the 24-hour chart, there is a support level at 14.25, which, if violated, would cause prices to drop to 13.89. In the upper region, resistance lies at 14.81. The next price resistance is at 15.00. RSI (Relative Strength Index) is 58.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 1.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
