Overall market sentiment has been down on Plains All American Pipeline, L.P. (PAA) stock lately. PAA receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 PAA Stock Today?
Plains All American Pipeline, L.P. (PAA) stock is trading at $5.78 as of 10:51 AM on Monday, Sep 28, an increase of $0.13, or 2.3% from the previous closing price of $5.65. The stock has traded between $5.66 and $5.94 so far today. Volume today is below average. So far 1,228,331 shares have traded compared to average volume of 5,817,348 shares.
To see InvestorsObserver's Sentiment Score for Plains All American Pipeline, L.P. click here.
More About Plains All American Pipeline, L.P.
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Assets are geographically diverse, spanning the United States and Alberta, Canada, but heavily concentrated in major U.S. shale basins like the Permian, Stack, and Bakken.
Click Here to get the full Stock Score Report on Plains All American Pipeline, L.P. (PAA) Stock.
