Overall market sentiment has been neutral on TechnipFMC PLC (FTI) stock lately. FTI receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 FTI Stock Today?
TechnipFMC PLC (FTI) stock is up 4.24% while the S&P 500 has fallen -1.63% as of 12:07 PM on Tuesday, Oct 20. FTI has risen $0.30 from the previous closing price of $6.96 on volume of 4,257,004 shares. Over the past year the S&P 500 is higher by 13.98% while FTI has fallen -68.82%. FTI lost -$12.93 per share in the over the last 12 months.
To see the top 5 stocks in the Oil & Gas Equipment & Services industry click here.
More About TechnipFMC PLC
TechnipFMC is the largest provider of integrated deep-water offshore oil and gas development solutions, offering the full spectrum of subsea equipment and subsea engineering and construction services. Additionally, the company provides various oil and gas onshore engineering and construction services, with a long-standing expertise in delivering liquefied natural gas projects.
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