In the meantime, Citigroup upgraded its Melco Resorts & Entertainment Ltd ADR [MLCO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early March from “an Equal-weight” to “an Overweight”. Citigroup also remained covering MLCO and has decreased its forecast on February 10, 2025 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on December 17, 2024. It rated MLCO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of MLCO
On Monday, Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO] saw its stock fall -0.21% to $4.83. Over the last five days, the stock has gained 1.47%. Melco Resorts & Entertainment Ltd ADR shares have fallen nearly -16.58% since the year began. Nevertheless, the stocks have fallen -24.53% over the past one year. While a 52-week high of $8.90 was reached on 02/18/25, a 52-week low of $4.55 was recorded on 04/08/25. SMA at 50 days reached $5.44, while 200 days put it at $6.01.
Levels Of Support And Resistance For MLCO Stock
The 24-hour chart illustrates a support level at 4.75, which if violated will result in even more drops to 4.67. On the upside, there is a resistance level at 4.90. A further resistance level may holdings at 4.96. The Relative Strength Index (RSI) on the 14-day chart is 40.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.82%. Stochastics %K at 32.95% indicates the stock is a holding.
How much short interest is there in Melco Resorts & Entertainment Ltd ADR?
A steep rise in short interest was recorded in Melco Resorts & Entertainment Ltd ADR stocks on 2025-03-31, dropping by -0.6 million shares to a total of 8.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 9.39 million shares. There was a decline of -6.85%, which implies that there is a negative sentiment for the stock.
