Do Traders Think Transocean LTD (RIG) Can Keep Climbing Tuesday?

Overall market sentiment has been high on Transocean LTD (RIG) stock lately. RIG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Transocean LTD has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RIG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 RIG Stock Today?

Transocean LTD (RIG) stock is down -1.84% while the S&P 500 is up 0.51% as of 12:37 PM on Tuesday, Mar 12. RIG is lower by -$0.10 from the previous closing price of $5.43 on volume of 8,751,438 shares. Over the past year the S&P 500 is higher by 33.41% while RIG is lower by -15.40%. RIG lost -$1.24 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Transocean LTD click here.

More About Transocean LTD

Transocean Ltd commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean's customers tend to be national oil companies, independents, and international oil companies. Click Here to get the full Stock Report for Transocean LTD stock.