Should You Buy Cellcom Israel Ltd. (CEL) Stock on Monday?

Monday, October 19, 2020 9:57 AM | InvestorsObserver Analysts

Cellcom Israel Ltd. (CEL) stock has risen 7.77% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Cellcom Israel Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CEL!

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 CEL Stock Today?

Cellcom Israel Ltd. (CEL) stock is trading at $4.16 as of 9:53 AM on Monday, Oct 19, a gain of $0.17, or 4.26% from the previous closing price of $3.99. The stock has traded between $4.10 and $4.17 so far today. Volume today is 14,221 compared to average volume of 17,065.

To see InvestorsObserver's Sentiment Score for Cellcom Israel Ltd. click here.

More About Cellcom Israel Ltd.

Cellcom Israel Ltd is the largest wireless provider in Israel and holds about one third of the market. The company offers basic voice services and data services such as Web browsing and music downloads. Cellcom is also launching a next-generation wireless service that supports higher data capacity. The company went public in February 2007, and its largest shareholder, Discount Investment, owns about 47% of its shares.

Click Here to get the full Stock Score Report on Cellcom Israel Ltd. (CEL) Stock.

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