PetroChina Company Limited ADR (PTR) stock has gained 5.70% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 PTR Stock Today?
PetroChina Company Limited ADR (PTR) stock is trading at $33.20 as of 11:35 AM on Wednesday, Jan 13, a gain of $0.70, or 2.15% from the previous closing price of $32.50. The stock has traded between $33.11 and $33.72 so far today. Volume today is below average. So far 101,498 shares have traded compared to average volume of 178,052 shares.
To see the top 5 stocks in the Oil & Gas Integrated industry click here.
More About PetroChina Company Limited ADR
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor, with an expansive pipeline network that supplies more than 75% of China's natural gas demand. It produces more than 1.4 billion barrels of oil equivalent of oil and gas annually and has more than 1.2 billion barrels of annual crude oil primary distillation capacity and roughly 21,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.
Click Here to get the full Stock Score Report on PetroChina Company Limited ADR (PTR) Stock.
