Huaneng Power International Inc ADR Class N (HNP) stock has gained 15.12% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With HNP Stock Today?
Huaneng Power International Inc ADR Class N (HNP) stock is trading at $16.90 as of 10:35 AM on Monday, Jul 6, a rise of $1.99, or 13.35% from the previous closing price of $14.91. The stock has traded between $16.36 and $16.90 so far today. Volume today is above average. So far 62,591 shares have traded compared to average volume of 28,806 shares.
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More About Huaneng Power International Inc ADR Class N
As one of China's largest independent power producers, Huaneng Power International develops, constructs, and operates power plants in 26 Chinese provinces, as well as a wholly owned power company in Singapore. Total attributable installed generation capacity in 2019 was 94 gigawatts. Approximately 83% of Huaneng's installed capacity runs on thermal coal, with the remainder running on hydro, wind, and natural gas. The Chinese government owns approximately 46% of outstanding shares.
