Taking this into account, Goldman upgraded its Tuya Inc ADR [TUYA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late November from “an Equal-weight” to “an Overweight”. Morgan Stanley also remained covering TUYA and has decreased its forecast on February 22, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on May 14, 2021. It rated TUYA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TUYA
On Monday, Tuya Inc ADR [NYSE:TUYA] saw its stock jump 10.78% to $2.57. Over the last five days, the stock has gained 9.83%. Tuya Inc ADR shares have risen nearly 43.58% since the year began. Nevertheless, the stocks have risen 48.32% over the past one year. While a 52-week high of $4.63 was reached on 02/21/25, a 52-week low of $1.28 was recorded on 01/13/25. SMA at 50 days reached $2.83, while 200 days put it at $2.11.
Levels Of Support And Resistance For TUYA Stock
The 24-hour chart illustrates a support level at 2.51, which if violated will result in even more drops to 2.45. On the upside, there is a resistance level at 2.66. A further resistance level may holdings at 2.75. The Relative Strength Index (RSI) on the 14-day chart is 55.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.67%. Stochastics %K at 79.04% indicates the stock is a holding.
The most recent change occurred on April 13, 2021 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
