Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 ENIC Stock Today?
Enel Chile SA - ADR (ENIC) stock is down -5.29% while the S&P 500 is higher by 0.81% as of 1:50 PM on Monday, Mar 18. ENIC has fallen -$0.16 from the previous closing price of $3.12 on volume of 345,159 shares. Over the past year the S&P 500 is up 30.54% while ENIC is higher by 31.56%. ENIC earned $0.49 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.08.
To see InvestorsObserver's Sentiment Score for Enel Chile SA - ADR click here.
More About Enel Chile SA - ADR
Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution Reportable Segment is comprised of a group of electricity companies operating under a public utility concession.
Click Here to get the full Stock Report for Enel Chile SA - ADR stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter