How Will the Market React to Eco Wave Power Global AB publ ADR (WAVE) Stock Getting a Bearish Rating

Overall market sentiment has been down on Eco Wave Power Global AB publ ADR (WAVE) stock lately. WAVE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Eco Wave Power Global AB publ ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WAVE!

See Full WAVE 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. 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 WAVE Stock Today?

Eco Wave Power Global AB publ ADR (WAVE) stock is trading at $2.70 as of 10:24 AM on Wednesday, Jul 26, a rise of $0.12, or 4.65% from the previous closing price of $2.58. The stock has traded between $2.70 and $2.71 so far today. Volume today is less active than usual. So far 12,434 shares have traded compared to average volume of 461,186 shares. To screen for more stocks like Eco Wave Power Global AB publ ADR click here.

More About Eco Wave Power Global AB publ ADR

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. It has its projects in Gibraltar, Israel, and other countries. Click Here to get the full Stock Report for Eco Wave Power Global AB publ ADR stock.