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How Will the Market React to Eni SpA (E) Stock Getting a Bearish Rating

Tuesday, December 06, 2022 02:34 PM | InvestorsObserver Analysts
How Will the Market React to Eni SpA (E) Stock Getting a Bearish Rating

The market has been down on Eni SpA (E) stock recently. E gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Eni SpA has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on E!

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 E Stock Today?

Eni SpA (E) stock is trading at $28.38 as of 2:30 PM on Tuesday, Dec 6, a loss of -$0.27, or -0.94% from the previous closing price of $28.65. The stock has traded between $28.27 and $28.91 so far today. Volume today is below average. So far 284,851 shares have traded compared to average volume of 470,859 shares.

More About Eni SpA

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2021, Eni held reserves of 6.6 billion barrels of oil equivalent, 49% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity, Plentitude; it plans to list publicly in 2022. Click Here to get the full Stock Report for Eni SpA stock.

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