Is it Time to Dump Eversource Energy (ES) Stock After it Has Risen 1.74% in a Week?

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

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 ES Stock Today?

Eversource Energy (ES) stock is trading at $58.90 as of 3:48 PM on Monday, Apr 1, a decline of -$0.87, or -1.46% from the previous closing price of $59.77. The stock has traded between $58.53 and $59.71 so far today. Volume today is below average. So far 927,283 shares have traded compared to average volume of 2,943,895 shares.

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.