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Is Eversource Energy (ES) Stock About to Get Hot Wednesday?

Wednesday, February 28, 2024 03:14 PM | InvestorsObserver Analysts

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Is Eversource Energy (ES) Stock About to Get Hot Wednesday?

The market has been high on Eversource Energy (ES) stock recently. ES gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Eversource Energy has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ES!

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 ES Stock Today?

Eversource Energy (ES) stock is trading at $58.48 as of 3:13 PM on Wednesday, Feb 28, a drop of -$0.81, or -1.36% from the previous closing price of $59.29. The stock has traded between $58.21 and $59.23 so far today. Volume today is light. So far 922,655 shares have traded compared to average volume of 3,694,914 shares. To see InvestorsObserver's Sentiment Score for Eversource Energy click here.

More About Eversource Energy

Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S. The company's utilities serve more than 4 million customers after acquiring NStar's Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020. Eversource also owns 50% of a partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects by 2025. The company exited most of its unregulated businesses in 2006. Click Here to get the full Stock Report for Eversource Energy stock.

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