Following these proceedings, Barclays upgraded its HSBC Holdings plc ADR [HSBC] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Barclays also remained covering HSBC and has decreased its forecast on March 27, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Exane BNP Paribas revised its rating on January 16, 2024. It rated HSBC as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of HSBC
On Tuesday, HSBC Holdings plc ADR [NYSE:HSBC] saw its stock jump 3.65% to $54.01. Over the last five days, the stock has gained 5.82%. HSBC Holdings plc ADR shares have risen nearly 9.20% since the year began. Nevertheless, the stocks have risen 36.89% over the past one year. While a 52-week high of $61.88 was reached on 03/04/25, a 52-week low of $39.42 was recorded on 04/09/25. SMA at 50 days reached $55.66, while 200 days put it at $48.33.
Levels Of Support And Resistance For HSBC Stock
The 24-hour chart illustrates a support level at 53.61, which if violated will result in even more drops to 53.21. On the upside, there is a resistance level at 54.27. A further resistance level may holdings at 54.53. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.47%. Stochastics %K at 58.34% indicates the stock is a holding.
How much short interest is there in HSBC Holdings plc ADR?
A steep rise in short interest was recorded in HSBC Holdings plc ADR stocks on 2025-03-31, dropping by -1.87 million shares to a total of 7.78 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 9.65 million shares. There was a decline of -23.98%, which implies that there is a negative sentiment for the stock.
