Should You Buy Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs (EBR) Stock on Thursday?

Overall market sentiment has been high on Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs (EBR) stock lately. EBR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EBR!

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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. 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 EBR Stock Today?

Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs (EBR) stock is trading at $7.60 as of 11:05 AM on Thursday, Aug 24, a rise of $0.14, or 1.88% from the previous closing price of $7.46. The stock has traded between $7.57 and $7.71 so far today. Volume today is light. So far 335,953 shares have traded compared to average volume of 965,473 shares.

More About Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs

Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the sale of electricity to distribution companies and free consumers. About half of Eletrobras' electricity sales are made using free market agreements, while the other half are completed through auctions and contracts. Click Here to get the full Stock Report for Centrais Eletricas Brasileiras Eletrobras ADR Representing 1 Ord Shs stock.