In the meantime, Nomura upgraded its HDFC Bank Ltd. ADR [HDB] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Bernstein also remained covering HDB and has decreased its forecast on September 09, 2019 with a “Mkt perform” recommendation from previously “an Outperform” rating. Nomura revised its rating on June 11, 2019. It rated HDB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HDB
On Monday, HDFC Bank Ltd. ADR [NYSE:HDB] saw its stock jump 2.40% to $73.77. Over the last five days, the stock has gained 9.34%. HDFC Bank Ltd. ADR shares have risen nearly 15.52% since the year began. Nevertheless, the stocks have risen 29.83% over the past one year. While a 52-week high of $72.34 was reached on 04/21/25, a 52-week low of $54.99 was recorded on 01/13/25. SMA at 50 days reached $63.14, while 200 days put it at $62.48.
Levels Of Support And Resistance For HDB Stock
The 24-hour chart illustrates a support level at 72.73, which if violated will result in even more drops to 71.70. On the upside, there is a resistance level at 75.07. A further resistance level may holdings at 76.38. The Relative Strength Index (RSI) on the 14-day chart is 77.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.84%. Stochastics %K at 94.10% indicates the stock is a selling.
How much short interest is there in HDFC Bank Ltd. ADR?
A steep rise in short interest was recorded in HDFC Bank Ltd. ADR stocks on 2025-03-31, growing by 0.16 million shares to a total of 19.37 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 19.21 million shares. There was a rise of 0.81%, which implies that there is a positive sentiment for the stock.
