In the meantime, BofA Securities downgraded its Companhia Siderurgica Nacional ADR [SID] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Itau BBA’s analysts, who decreased its forecast for the stock in early April from “a Market perform” to “an Underperform”. BofA Securities also remained covering SID and has increased its forecast on November 20, 2023 with a “Buy” recommendation from previously “an Underperform” rating. Itau BBA revised its rating on July 10, 2023. It rated SID as “an Underperform” which previously was an “a Market perform”.
Price Performance Review of SID
On Friday, Companhia Siderurgica Nacional ADR [NYSE:SID] saw its stock fall -8.14% to $1.58. Over the last five days, the stock has lost -7.06%. Companhia Siderurgica Nacional ADR shares have risen nearly 9.72% since the year began. Nevertheless, the stocks have fallen -42.96% over the past one year. While a 52-week high of $2.85 was reached on 03/20/25, a 52-week low of $1.27 was recorded on 01/10/25. SMA at 50 days reached $1.6010, while 200 days put it at $1.8247.
Levels Of Support And Resistance For SID Stock
The 24-hour chart illustrates a support level at 1.5267, which if violated will result in even more drops to 1.4733. On the upside, there is a resistance level at 1.6467. A further resistance level may holdings at 1.7133. The Relative Strength Index (RSI) on the 14-day chart is 46.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0069, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 66.24% indicates the stock is a holding.
