Is Enel Chile SA - ADR (ENIC) Stock About to Get Hot Wednesday?

Overall market sentiment has been high on Enel Chile SA - ADR (ENIC) stock lately. ENIC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Enel Chile SA - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ENIC!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ENIC Stock Today?

Enel Chile SA - ADR (ENIC) stock has risen 1.03% while the S&P 500 is lower by -0.05% as of 12:03 PM on Wednesday, Oct 11. ENIC has gained $0.03 from the previous closing price of $2.90 on volume of 342,304 shares. Over the past year the S&P 500 is up 20.58% while ENIC has gained 115.44%. ENIC earned $1.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.85.

More About Enel Chile SA - ADR

Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution Reportable Segment is comprised of a group of electricity companies operating under a public utility concession. Click Here to get the full Stock Report for Enel Chile SA - ADR stock.