Energous Corp (WATT) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Energous Corp (WATT) stock lately. WATT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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. 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 WATT Stock Today?

Energous Corp (WATT) stock is trading at $1.93 as of 9:54 AM on Thursday, Nov 2, an increase of $0.13, or 6.94% from the previous closing price of $1.80. The stock has traded between $1.83 and $1.95 so far today. Volume today is 19,175 compared to average volume of 24,312. To screen for more stocks like Energous Corp click here.

More About Energous Corp

Energous Corp is a development stage technology company. It is developing a technology named WattUp, which will enable RF (radio frequency) based wire free charging for electronic devices. The firm believes that its technology will be utilized in the internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other devices with similar charging requirements. Its business strategy is to become a supplier and licensor of its technology to companies who design, manufacture and market devices to consumers, military, industrial and other users. Click Here to get the full Stock Report for Energous Corp stock.