Should You Buy Telkom Indonesia (Persero) Tbk PT -ADR (TLK) Stock on Friday?

The market has been down on Telkom Indonesia (Persero) Tbk PT -ADR (TLK) stock recently. TLK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Telkom Indonesia (Persero) Tbk PT -ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TLK!

See Full TLK Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 TLK Stock Today?

Telkom Indonesia (Persero) Tbk PT -ADR (TLK) stock is trading at $27.17 as of 9:58 AM on Friday, Nov 19, a rise of $2.16, or 8.64% from the previous closing price of $25.01. The stock has traded between $26.60 and $27.27 so far today. Volume today is elevated. So far 802,822 shares have traded compared to average volume of 124,648 shares. To see InvestorsObserver's Sentiment Score for Telkom Indonesia (Persero) Tbk PT -ADR click here.

More About Telkom Indonesia (Persero) Tbk PT -ADR

PT Telkom Indonesia (Persero) Tbk is the largest integrated telecommunications provider in Indonesia. It is the principal provider of fixed-line services in Indonesia, and its 65%-owned subsidiary, Telkomsel, is the largest wireless carrier in the country, with about 48% market share. The company services about 70 million customers in the fixed-line and wireless markets, combined. Singapore Telecom, Singapore's leading telecommunications provider, owns the remaining 35% of Telkomsel. Click Here to get the full Stock Report for Telkom Indonesia (Persero) Tbk PT -ADR stock.