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 Friday, BP plc ADR [NYSE:BP] saw its stock jump 4.13% to $29.77. Over the last five days, the stock has gained 5.87%. BP plc ADR shares have risen nearly 0.71% since the year began. Nevertheless, the stocks have fallen -20.78% over the past one year. While a 52-week high of $38.44 was reached on 02/14/25, a 52-week low of $25.22 was recorded on 04/09/25. SMA at 50 days reached $30.62, while 200 days put it at $31.38.
Levels Of Support And Resistance For BP Stock
The 24-hour chart illustrates a support level at 29.39, which if violated will result in even more drops to 29.00. On the upside, there is a resistance level at 29.99. A further resistance level may holdings at 30.20. The Relative Strength Index (RSI) on the 14-day chart is 54.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.91%. Stochastics %K at 65.12% indicates the stock is a holding.
