Taking this into account, Morgan Stanley initiated its Millicom International Cellular S.A [TIGO] rating to an Equal-weight in a research note published on January 29, 2025; the price target was $32. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Scotiabank also remained covering TIGO and has increased its forecast on September 20, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating.
Price Performance Review of TIGO
On Monday, Millicom International Cellular S.A [NASDAQ:TIGO] saw its stock fall -1.14% to $32.08. Over the last five days, the stock has gained 12.72%. Millicom International Cellular S.A shares have risen nearly 28.27% since the year began. Nevertheless, the stocks have risen 63.59% over the past one year. While a 52-week high of $32.46 was reached on 04/21/25, a 52-week low of $19.91 was recorded on 01/13/25. SMA at 50 days reached $28.65, while 200 days put it at $26.73.
Levels Of Support And Resistance For TIGO Stock
The 24-hour chart illustrates a support level at 31.76, which if violated will result in even more drops to 31.44. On the upside, there is a resistance level at 32.47. A further resistance level may holdings at 32.85. The Relative Strength Index (RSI) on the 14-day chart is 65.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.28%. Stochastics %K at 97.46% indicates the stock is a selling.
How much short interest is there in Millicom International Cellular S.A?
A steep rise in short interest was recorded in Millicom International Cellular S.A stocks on 2025-03-31, growing by 0.98 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 0.8 million shares. There was a rise of 54.83%, which implies that there is a positive sentiment for the stock.
