How Will the Market React to Companhia Siderurgica Nacional (SID) Stock Getting a Bullish Rating

Companhia Siderurgica Nacional (SID) stock is down 5.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Companhia Siderurgica Nacional has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SID!

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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. 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 SID Stock Today?

Companhia Siderurgica Nacional (SID) stock is trading at $4.11 as of 10:53 AM on Monday, Dec 20, a decline of -$0.32, or -7.22% from the previous closing price of $4.43. The stock has traded between $4.11 and $4.21 so far today. Volume today is below average. So far 1,412,747 shares have traded compared to average volume of 3,651,587 shares. To see InvestorsObserver's Sentiment Score for Companhia Siderurgica Nacional click here.

More About Companhia Siderurgica Nacional

Companhia Siderurgica Nacional is an integrated steel producer. The company operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. The product includes iron ore, limestone, dolomite and tin mines, flat steel, and port terminal. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia. Click Here to get the full Stock Report for Companhia Siderurgica Nacional stock.