While this happened, HSBC Securities downgraded its Smith & Nephew plc ADR [SNN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Berenberg also remained covering SNN and has decreased its forecast on November 06, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on November 01, 2024. It rated SNN as “a Hold” which previously was an “a Buy”.
Price Performance Review of SNN
On Tuesday, Smith & Nephew plc ADR [NYSE:SNN] saw its stock jump 0.25% to $28.44. Over the last five days, the stock has gained 5.65%. Smith & Nephew plc ADR shares have risen nearly 15.70% since the year began. Nevertheless, the stocks have risen 16.37% over the past one year. While a 52-week high of $31.72 was reached on 03/05/25, a 52-week low of $23.69 was recorded on 01/14/25. SMA at 50 days reached $27.82, while 200 days put it at $27.58.
Levels Of Support And Resistance For SNN Stock
The 24-hour chart illustrates a support level at 28.30, which if violated will result in even more drops to 28.15. On the upside, there is a resistance level at 28.65. A further resistance level may holdings at 28.85. The Relative Strength Index (RSI) on the 14-day chart is 62.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.36%. Stochastics %K at 84.66% indicates the stock is a selling.
The most recent change occurred on July 24, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating .
