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Should You Buy Orange SA (ORAN) Stock on Wednesday?

Wednesday, August 10, 2022 10:22 AM | InvestorsObserver Analysts

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Should You Buy Orange SA (ORAN) Stock on Wednesday?

The market has been high on Orange SA (ORAN) stock recently. ORAN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Orange SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ORAN!

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. 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 ORAN Stock Today?

Orange SA (ORAN) stock is trading at $10.43 as of 10:19 AM on Wednesday, Aug 10, a rise of $0.10, or 0.97% from the previous closing price of $10.33. The stock has traded between $10.41 and $10.44 so far today. Volume today is less active than usual. So far 228,949 shares have traded compared to average volume of 754,219 shares. To see InvestorsObserver's Sentiment Score for Orange SA click here.

More About Orange SA

Orange is the incumbent telecom operator in France, formerly known as France Telecom. The company operates fixed and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues and SFR. Orange also has fixed and wireless (convergent) operations in Spain, Poland, Belgium, Luxembourg and Central Europe (Romania, Slovakia, Moldova). Around 15% of revenue comes from emerging African markets, where the company only operates wireless networks and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally. Click Here to get the full Stock Report for Orange SA stock.

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