Taking this into account, Morgan Stanley upgraded its BBVA Argentina ADR [BBAR] rating to an Overweight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late September from “a Reduce” to “a Hold”. HSBC Securities also remained covering BBAR and has decreased its forecast on July 21, 2020 with a “Reduce” recommendation from previously “Hold” rating.
Price Performance Review of BBAR
On Friday, BBVA Argentina ADR [NYSE:BBAR] saw its stock fall -5.81% to $21.07. Over the last five days, the stock has lost -3.57%. BBVA Argentina ADR shares have risen nearly 10.55% since the year began. Nevertheless, the stocks have risen 336.85% over the past one year. While a 52-week high of $25.01 was reached on 01/07/25, a 52-week low of $4.22 was recorded on 01/02/25. SMA at 50 days reached $20.04, while 200 days put it at $13.20.
Levels Of Support And Resistance For BBAR Stock
The 24-hour chart illustrates a support level at 20.24, which if violated will result in even more drops to 19.42. On the upside, there is a resistance level at 22.22. A further resistance level may holdings at 23.38. The Relative Strength Index (RSI) on the 14-day chart is 48.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.39%. Stochastics %K at 33.15% indicates the stock is a holding.
How much short interest is there in BBVA Argentina ADR?
A steep rise in short interest was recorded in BBVA Argentina ADR stocks on 2024-10-31, growing by 0.34 million shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.62 million shares. There was a rise of 17.23%, which implies that there is a positive sentiment for the stock.
