The market has been high on Banco Bradesco SA (BBD) stock recently. BBD gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 indator 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 BBD Stock Today?
Banco Bradesco SA (BBD) stock is trading at $4.13 as of 1:34 PM on Wednesday, Jul 8, an increase of $0.12, or 2.99% from the previous closing price of $4.01. The stock has traded between $4.08 and $4.17 so far today. Volume today is below average. So far 6,998,377 shares have traded compared to average volume of 22,911,853 shares.
To see InvestorsObserver's Sentiment Score for Banco Bradesco SA click here.
More About Banco Bradesco SA
Banco Bradesco is Brazil's fourth- largest bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 25% market share. The bank provides services through a network of more than 4,600 branches, the largest footprint of all privately controlled banks in Brazil. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%.
