Is Union Pacific Corporation (UNP) Stock About to Get Hot Wednesday?

Wednesday, January 8, 2020 2:44 PM | InvestorsObserver Analysts

The market has been down on Union Pacific Corporation (UNP) stock recently. UNP gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Click Here to get the full Stock Score Report on Union Pacific Corporation (UNP) Stock.

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.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UNP Stock Today?

Union Pacific Corporation (UNP) stock is trading at $179.93 as of 2:41 PM on Wednesday, Jan 8, a gain of $1.90, or 1.07% from the previous closing price of $178.03. The stock has traded between $177.48 and $179.94 so far today. Volume today is light. So far 1,665,515 shares have traded compared to average volume of 2,571,940 shares.

To see InvestorsObserver's Sentiment Score for Union Pacific Corporation click here.

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