How Will the Market React to Analog Devices, Inc. (ADI) Stock Getting a Bullish Rating

The market has been high on Analog Devices, Inc. (ADI) stock recently. ADI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Analog Devices, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADI!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ADI Stock Today?

Analog Devices, Inc. (ADI) stock is trading at $168.86 as of 2:30 PM on Wednesday, Nov 23, a rise of $0.43, or 0.26% from the previous closing price of $168.43. Volume today is less active than usual. So far 2,214,365 shares have traded compared to average volume of 4,073,865 shares. The stock has traded between $167.70 and $173.30 so far today. To screen for more stocks like Analog Devices, Inc. click here.

More About Analog Devices, Inc.

Analog Devices is a leading analog, mixed-signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment. Click Here to get the full Stock Report for Analog Devices, Inc. stock.