Based on the latest market data and analyst recommendations, YPF stock shows mixed signals. The stock closed at $38.00 with a modest gain of 0.56% in regular trading hours, while technical indicators suggest a cautious approach with RSI at 37.01 indicating slightly oversold conditions .
Recent Analyst Actions
JPMorgan recently upgraded YPF to "overweight" from "neutral" with a significant price target increase to $59.50 from $25.00, citing optimism about Argentina's oil and gas sector. However, Citigroup downgraded YPF to "Hold" with a $44 price target, noting that while constructive on the Energy sector, they are reluctant to chase the rally at current levels .
Technical Analysis
The stock is currently trading between its Fibonacci support of $37.85 and resistance of $40.70, with the pivot point at $39.27. The negative MACD of -0.99 suggests downward momentum in the near term.
Given the mixed signals from technical indicators and varying analyst opinions, selling YPF at current levels would be prudent for short-term traders, while long-term investors may consider holding positions given the positive analyst outlook and potential upside to JPMorgan's price target.