Is Braskem SA ADR (BAK) Stock About to Get Hot Wednesday?

The market has been high on Braskem SA ADR (BAK) stock recently. BAK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Braskem SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BAK!

See Full BAK 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 BAK Stock Today?

Braskem SA ADR (BAK) stock has risen 11.18% while the S&P 500 is lower by -0.03% as of 10:05 AM on Wednesday, Mar 20. BAK is up $1.01 from the previous closing price of $8.99 on volume of 1,006,318 shares. Over the past year the S&P 500 is up 31.01% while BAK is up 43.12%. BAK lost -$2.28 per share in the over the last 12 months.

More About Braskem SA ADR

Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company's geographical segments include Brazil; the United States and Europe and Mexico. It derives a majority of revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical-grade propylene, butadiene and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others. Click Here to get the full Stock Report for Braskem SA ADR stock.