Do Traders Think Ardmore Shipping Corp (ASC) Can Keep Climbing Friday?

The market has been high on Ardmore Shipping Corp (ASC) stock recently. ASC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Ardmore Shipping Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ASC!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ASC Stock Today?

Ardmore Shipping Corp (ASC) stock is trading at $14.01 as of 10:10 AM on Friday, Nov 24, a gain of $0.50, or 3.7% from the previous closing price of $13.51. The stock has traded between $13.78 and $14.15 so far today. Volume today is less active than usual. So far 222,635 shares have traded compared to average volume of 653,167 shares. To see InvestorsObserver's Sentiment Score for Ardmore Shipping Corp click here.

More About Ardmore Shipping Corp

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies. Click Here to get the full Stock Report for Ardmore Shipping Corp stock.