How Will the Market React to Allegheny Technologies Incorporated (ATI) Stock Getting a Bullish Rating

Overall market sentiment has been high on Allegheny Technologies Incorporated (ATI) stock lately. ATI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Allegheny Technologies Incorporated has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ATI!

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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 ATI Stock Today?

Allegheny Technologies Incorporated (ATI) stock is trading at $15.80 as of 12:59 PM on Tuesday, Dec 28, a drop of -$0.10, or -0.63% from the previous closing price of $15.90. The stock has traded between $15.62 and $16.08 so far today. Volume today is light. So far 239,182 shares have traded compared to average volume of 1,559,468 shares. To see InvestorsObserver's Sentiment Score for Allegheny Technologies Incorporated click here.

More About Allegheny Technologies Incorporated

Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance. Click Here to get the full Stock Report for Allegheny Technologies Incorporated stock.