Overall market sentiment has been down on DCP Midstream LP Unit (DCP) stock lately. DCP receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
DCP Midstream LP Unit has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DCP!
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.
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 DCP Stock Today?
DCP Midstream LP Unit (DCP) stock is trading at $38.50 as of 3:17 PM on Friday, Dec 9, a decline of -$0.10, or -0.26% from the previous closing price of $38.60. Volume today is 564,269 compared to average volume of 623,152. The stock has traded between $38.25 and $38.63 so far today.
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More About DCP Midstream LP Unit
DCP Midstream is primarily a gathering and processor partnership with major asset bases in the Permian, Scoop/Stack, Eagle Ford, and DJ Basin. It also has investments in the Sand Hills natural gas liquids pipeline as well as the Gulf Coast Express gas pipeline, which both serve the growing Permian basin. Its general partner is a joint venture between Phillips 66 and Enbridge.
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