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Should You Buy Element Solutions Inc (ESI) Stock After it Has Risen 3.93% in a Week?

Friday, June 02, 2023 02:48 PM | InvestorsObserver Analysts

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Should You Buy Element Solutions Inc (ESI) Stock After it Has Risen 3.93% in a Week?

Element Solutions Inc (ESI) stock is up 3.93% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Element Solutions Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ESI!

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. 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 ESI Stock Today?

Element Solutions Inc (ESI) stock is trading at $19.02 as of 2:34 PM on Friday, Jun 2, an increase of $0.88, or 4.85% from the previous closing price of $18.14. The stock has traded between $18.38 and $19.05 so far today. Volume today is 1,331,726 compared to average volume of 1,295,136.

More About Element Solutions Inc

Element Solutions Inc specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in several key industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, consumer packaging, and offshore energy. Click Here to get the full Stock Report for Element Solutions Inc stock.

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