Equitrans Midstream Corp (ETRN) Stock: What Does the Chart Say Friday?

The market has been high on Equitrans Midstream Corp (ETRN) stock recently. ETRN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

See Full ETRN Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ETRN Stock Today?

Equitrans Midstream Corp (ETRN) stock is trading at $10.38 as of 12:38 PM on Friday, Dec 1, a gain of $0.99, or 10.61% from the previous closing price of $9.38. The stock has traded between $9.32 and $10.38 so far today. Volume today is elevated. So far 8,055,255 shares have traded compared to average volume of 4,415,696 shares. 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. Click Here to get the full Stock Report for Equitrans Midstream Corp stock.