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Sify Technologies Limited (SIFY) Stock: What Does the Chart Say Thursday?

Thursday, October 14, 2021 10:02 AM | InvestorsObserver Analysts

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Sify Technologies Limited (SIFY) Stock: What Does the Chart Say Thursday?

Sify Technologies Limited (SIFY) stock has gained 11.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Sify Technologies Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SIFY!

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. 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 SIFY Stock Today?

Sify Technologies Limited (SIFY) stock is trading at $3.70 as of 10:00 AM on Thursday, Oct 14, an increase of $0.17, or 4.82% from the previous closing price of $3.53. The stock has traded between $3.58 and $3.88 so far today. Volume today is above average. So far 474,912 shares have traded compared to average volume of 210,691 shares.

More About Sify Technologies Limited

Sify Technologies Ltd is a provider of corporate network services in India. The firm is also the fifth Internet access provider in the country. Sify controls the network of franchised cybercafes in India and owns several popular Internet portals, one of which--Sify.com--is among India's top 10 sites in terms of traffic. The firm's revenue is derived from segment services to enterprise customers, comprising Network services, Data Center services, Cloud and Managed Services, Technology Integration Services, and Applications Integration services. The Group has two geographic segments India and the rest of the world. Click Here to get the full Stock Report for Sify Technologies Limited stock.

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