How Will the Market React to Energous Corp (WATT) Stock Getting a Bullish Rating

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

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

See Full WATT 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WATT Stock Today?

Energous Corp (WATT) stock is trading at $2.04 as of 10:29 AM on Thursday, Mar 28, an increase of $0.09, or 4.62% from the previous closing price of $1.95. The stock has traded between $1.96 and $2.10 so far today. Volume today is low. So far 59,435 shares have traded compared to average volume of 97,745 shares. To see InvestorsObserver's Sentiment Score for Energous Corp click here.

More About Energous Corp

Energous Corp is a development stage technology company. It is developing a technology named WattUp, which will enable RF (radio frequency) based wire free charging for electronic devices. The firm believes that its technology will be utilized in the internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other devices with similar charging requirements. Its business strategy is to become a supplier and licensor of its technology to companies who design, manufacture and market devices to consumers, military, industrial and other users. Click Here to get the full Stock Report for Energous Corp stock.