What is the Market's View on ABB Ltd (ABB) Stock's Price and Volume Trends Thursday?

Thursday, June 30, 2022 09:46 AM | InvestorsObserver Analysts

Mentioned in this article

What is the Market's View on ABB Ltd (ABB) Stock's Price and Volume Trends Thursday?

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

ABB Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ABB!

See Full ABB Report

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 ABB Stock Today?

ABB Ltd (ABB) stock is trading at $26.37 as of 9:34 AM on Thursday, Jun 30, a loss of -$0.51, or -1.9% from the previous closing price of $26.88. The stock has traded between $26.31 and $26.39 so far today. Volume today is low. So far 46,923 shares have traded compared to average volume of 2,517,535 shares. To screen for more stocks like ABB Ltd click here.

More About ABB Ltd

ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies--ASEA and BBC--and is now called Asea Brown Boveri Group, or ABB. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for both discrete and process automation as well as industrial robotics. Click Here to get the full Stock Report for ABB Ltd stock.