Taking this into account, A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late August from “a Sell” to “a Neutral”. Daiwa Securities also remained covering DADA and has decreased its forecast on May 16, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of DADA
On Monday, Dada Nexus Ltd ADR [NASDAQ:DADA] saw its stock unchanged to $1.85. Over the last five days, the stock has lost -1.07%. Dada Nexus Ltd ADR shares have risen nearly 52.89% since the year began. Nevertheless, the stocks have risen 1.09% over the past one year. While a 52-week high of $2.52 was reached on 04/01/25, a 52-week low of $1.04 was recorded on 01/13/25. SMA at 50 days reached $1.8689, while 200 days put it at $1.5639.
Levels Of Support And Resistance For DADA Stock
The 24-hour chart illustrates a support level at 1.8400, which if violated will result in even more drops to 1.8300. On the upside, there is a resistance level at 1.8600. A further resistance level may holdings at 1.8700. The Relative Strength Index (RSI) on the 14-day chart is 46.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0279, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.89%. Stochastics %K at 17.04% indicates the stock is a buying.
How much short interest is there in Dada Nexus Ltd ADR?
A steep rise in short interest was recorded in Dada Nexus Ltd ADR stocks on 2025-03-31, growing by 0.35 million shares to a total of 3.34 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.99 million shares. There was a rise of 10.5%, which implies that there is a positive sentiment for the stock.
