As this happened, Goldman upgraded its Mizuho Financial Group, Inc. ADR [MFG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. BofA Securities also remained covering MFG and has decreased its forecast on June 23, 2022 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on April 11, 2022. It rated MFG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MFG
On Friday, Mizuho Financial Group, Inc. ADR [NYSE:MFG] saw its stock jump 2.62% to $5.10. Over the last five days, the stock has gained 3.66%. Mizuho Financial Group, Inc. ADR shares have risen nearly 4.29% since the year began. Nevertheless, the stocks have risen 30.77% over the past one year. While a 52-week high of $6.08 was reached on 03/21/25, a 52-week low of $3.45 was recorded on 04/07/25. SMA at 50 days reached $5.25, while 200 days put it at $4.80.
Levels Of Support And Resistance For MFG Stock
The 24-hour chart illustrates a support level at 5.08, which if violated will result in even more drops to 5.06. On the upside, there is a resistance level at 5.11. A further resistance level may holdings at 5.12. The Relative Strength Index (RSI) on the 14-day chart is 54.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.33%. Stochastics %K at 64.74% indicates the stock is a holding.
