The market has been high on Accenture Plc (ACN) stock recently. ACN gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 ACN Stock Today?
Accenture Plc (ACN) stock is trading at $303.69 as of 1:22 PM on Friday, Jul 2, a rise of $3.69, or 1.23% from the previous closing price of $300.00. The stock has traded between $300.00 and $304.32 so far today. Volume today is below average. So far 854,344 shares have traded compared to average volume of 2,146,723 shares.
To see InvestorsObserver's Sentiment Score for Accenture Plc click here.
More About Accenture Plc
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation, to procurement services, to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
Click Here to get the full Stock Score Report on Accenture Plc (ACN) Stock.
