Do Traders Think LyondellBasell Industries NV (LYB) Can Keep Climbing Friday?

Overall market sentiment has been high on LyondellBasell Industries NV (LYB) stock lately. LYB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

LyondellBasell Industries NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LYB!

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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 LYB Stock Today?

LyondellBasell Industries NV (LYB) stock is trading at $99.40 as of 12:55 PM on Friday, Jul 30, a loss of -$1.10, or -1.09% from the previous closing price of $100.50. The stock has traded between $96.53 and $101.77 so far today. Volume today is light. So far 1,070,103 shares have traded compared to average volume of 1,806,035 shares. To screen for more stocks like LyondellBasell Industries NV click here.

More About LyondellBasell Industries NV

LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world's largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company's revenue is derived from product sales. Click Here to get the full Stock Report for LyondellBasell Industries NV stock.