How Will the Market React to Vedanta Ltd (VEDL) Stock Getting a Bearish Rating

Monday, October 11, 2021 10:40 AM | InvestorsObserver Analysts

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How Will the Market React to Vedanta Ltd (VEDL) Stock Getting a Bearish Rating

Vedanta Ltd (VEDL) stock has risen 2.59% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Vedanta Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VEDL!

See Full VEDL Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With VEDL Stock Today?

Vedanta Ltd (VEDL) stock is trading at $16.25 as of 10:39 AM on Monday, Oct 11, a gain of $0.84, or 5.45% from the previous closing price of $15.41. The stock has traded between $15.76 and $16.32 so far today. Volume today is low. So far 472,684 shares have traded compared to average volume of 1,177,636 shares. To see InvestorsObserver's Sentiment Score for Vedanta Ltd click here.

More About Vedanta Ltd

Vedanta Ltd is a diversified natural resource company engaged in exploring, extracting and processing minerals and oil and gas. It focused on zinc, lead, silver, aluminium, copper, iron ore, oil and gas, and commercial power. The company has operations across India, South Africa, Namibia, Ireland, and Australia. The company has five reportable segments: oil and gas, aluminium, copper, iron ore and power. It derives the majority of revenue from the aluminium segment. Click Here to get the full Stock Report for Vedanta Ltd stock.