Taking this into account, Morgan Stanley upgraded its Suzano S.A. ADR [SUZ] rating to an Equal-weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “an Overweight”. Goldman also remained covering SUZ and has increased its forecast on October 19, 2020 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on August 20, 2020. It rated SUZ as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SUZ
On Friday, Suzano S.A. ADR [NYSE:SUZ] saw its stock fall -0.89% to $8.90. Over the last five days, the stock has lost -0.78%. Suzano S.A. ADR shares have fallen nearly -12.06% since the year began. Nevertheless, the stocks have fallen -11.54% over the past one year. While a 52-week high of $10.86 was reached on 02/03/25, a 52-week low of $8.41 was recorded on 04/08/25. SMA at 50 days reached $9.18, while 200 days put it at $9.87.
Levels Of Support And Resistance For SUZ Stock
The 24-hour chart illustrates a support level at 8.80, which if violated will result in even more drops to 8.71. On the upside, there is a resistance level at 8.99. A further resistance level may holdings at 9.09. The Relative Strength Index (RSI) on the 14-day chart is 45.37, 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 bearish at 73.39%. Stochastics %K at 31.50% indicates the stock is a holding.
