Meanwhile, UBS downgraded its BP plc ADR [BP] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Hold”. JP Morgan also remained covering BP and has increased its forecast on February 20, 2025 with a “Neutral” recommendation from previously “an Underweight” rating. DZ Bank revised its rating on February 11, 2025. It rated BP as “a Sell” which previously was an “a Hold”.
Price Performance Review of BP
On Tuesday, BP plc ADR [NYSE:BP] saw its stock jump 2.81% to $28.87. Over the last five days, the stock has gained 7.28%. BP plc ADR shares have fallen nearly -2.33% since the year began. Nevertheless, the stocks have fallen -23.87% over the past one year. While a 52-week high of $39.73 was reached on 02/14/25, a 52-week low of $25.22 was recorded on 04/09/25. SMA at 50 days reached $32.07, while 200 days put it at $31.82.
Levels Of Support And Resistance For BP Stock
The 24-hour chart illustrates a support level at 28.49, which if violated will result in even more drops to 28.11. On the upside, there is a resistance level at 29.24. A further resistance level may holdings at 29.61. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.93%. Stochastics %K at 36.74% indicates the stock is a holding.
How much short interest is there in BP plc ADR?
A steep rise in short interest was recorded in BP plc ADR stocks on 2025-03-31, growing by 1.75 million shares to a total of 12.4 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 10.65 million shares. There was a rise of 14.12%, which implies that there is a positive sentiment for the stock.
