As this happened, Citigroup downgraded its Gaotu Techedu Inc ADR [GOTU] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CLSA’s analysts, who increased its forecast for the stock in late February from “an Underperform” to “an Outperform”. Citigroup also remained covering GOTU and has increased its forecast on January 03, 2024 with a “Buy” recommendation from previously “Sell” rating. Goldman started covering the stock on November 24, 2023. It rated GOTU as “a Neutral”.
Price Performance Review of GOTU
On Monday, Gaotu Techedu Inc ADR [NYSE:GOTU] saw its stock jump 8.76% to $3.60. Over the last five days, the stock has gained 5.57%. Gaotu Techedu Inc ADR shares have risen nearly 64.38% since the year began. Nevertheless, the stocks have fallen -49.51% over the past one year. While a 52-week high of $8.44 was reached on 03/18/25, a 52-week low of $1.87 was recorded on 01/22/25. SMA at 50 days reached $3.20, while 200 days put it at $3.06.
Levels Of Support And Resistance For GOTU Stock
The 24-hour chart illustrates a support level at 3.43, which if violated will result in even more drops to 3.27. On the upside, there is a resistance level at 3.71. A further resistance level may holdings at 3.83. The Relative Strength Index (RSI) on the 14-day chart is 69.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.86%. Stochastics %K at 84.30% indicates the stock is a selling.
