Equitrans Midstream Corp (ETRN) stock is higher by 12.22% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
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 ETRN Stock Today?
Equitrans Midstream Corp (ETRN) stock is down -0.5% while the S&P 500 is higher by 0.39% as of 2:09 PM on Friday, Nov 20. ETRN has fallen -$0.04 from the previous closing price of $7.94 on volume of 2,366,265 shares. Over the past year the S&P 500 is higher by 15.23% while ETRN has fallen -18.39%. ETRN lost -$0.32 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Equitrans Midstream Corp click here.
More About Equitrans Midstream Corp
Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio. After the transaction, EQT will own about 6% of the combined firm.
Click Here to get the full Stock Score Report on Equitrans Midstream Corp (ETRN) Stock.
