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

The market has been down on Energous Corp (WATT) stock recently. WATT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Energous Corp has a Bearish 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 WATT Stock Today?

Energous Corp (WATT) stock is trading at $2.15 as of 1:26 PM on Thursday, Sep 16, a loss of -$0.07, or -3.15% from the previous closing price of $2.22. The stock has traded between $2.11 and $2.22 so far today. Volume today is above average. So far 1,216,043 shares have traded compared to average volume of 781,957 shares. To see InvestorsObserver's Sentiment Score for 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.