Nutrien Ltd. (NTR): This is a very interesting development

The stock of Nutrien Ltd. (NYSE:NTR) has been Upgraded to Neutral from Underperform by BofA/Merrill in its latest research note that was published on August 16. Cowen analysts again handed out a Outperform rating to NTR stock but they lifted target price for the shares in a flash note to investors on April 23. The price target has been raised from $66 to $63. Analysts at Cowen are sticking to their Outperform recommendation. However, on March 06, they lifted target price for these shares to $66 from $70.Analysts at Cowen, made their first call for the stock with a Outperform rating, according to a research note that dated back to March 06.

Nutrien Ltd., which has current market capitalization of above $29 Billion, published its last quarter earnings on June 30, 2019.

NTR surged by $0.08 during the normal trading session on Thursday and reaching a high of $51.85 during the day while it closed the day at $51.07. The Nutrien stock had a low trading volume of 1.15 million shares on that day, which is low compared to the average daily volume of 1.50M shares. NTR has also lost 0.64% of its value over the past 7 days. However, the stock has declined by 3.73% in the 3 months of the year. Over the past six months meanwhile, it has lost 4.83% while it has added 8.66% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.72% from its 3 months high price. However, taking another look at NTR will indicate that it is trading +6.75% away from its 90-day low. Looking at the bigger picture, the Nutrien Ltd. stock has dropped by -13.43% from its 52-week high while it has surged by +16.17% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 43.59%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 71.94%. Over the past 20 days, Nutrien’s Stochastic %K stood at 86.49% while its Stochastic %D was revealed to be 84.22%.