Where Will DCP Midstream LP Unit (DCP) Stock Go Next After It Is Up 5.21% in a Week?

Wednesday, December 29, 2021 11:57 AM | InvestorsObserver Analysts

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Where Will DCP Midstream LP Unit (DCP) Stock Go Next After It Is Up 5.21% in a Week?

The market has been high on DCP Midstream LP Unit (DCP) stock recently. DCP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

DCP Midstream LP Unit has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DCP!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DCP Stock Today?

DCP Midstream LP Unit (DCP) stock is down -0.81% while the S&P 500 has risen 0.01% as of 11:34 AM on Wednesday, Dec 29. DCP is lower by -$0.22 from the previous closing price of $27.30 on volume of 343,905 shares. Over the past year the S&P 500 has risen 28.15% while DCP has risen 41.12%. DCP earned $0.49 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 55.35. To screen for more stocks like DCP Midstream LP Unit click here.

More About DCP Midstream LP Unit

DCP Midstream is primarily a gathering and processor partnership with major asset bases in the Permian, Scoop/Stack, Eagle Ford, and DJ Basin. It also has investments in the Sand Hills natural gas liquids pipeline as well as the Gulf Coast Express gas pipeline, which both serve the growing Permian basin. Its general partner is a joint venture between Phillips 66 and Enbridge. Click Here to get the full Stock Report for DCP Midstream LP Unit stock.