Where Will Euronav NV (EURN) Stock Go Next After It Is Higher By 12.62% in a Week?

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

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

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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 EURN Stock Today?

Euronav NV (EURN) stock is trading at $20.52 as of 10:06 AM on Monday, Dec 5, an increase of $0.15, or 0.76% from the previous closing price of $20.36. The stock has traded between $20.48 and $21.00 so far today. Volume today is low. So far 558,243 shares have traded compared to average volume of 1,086,455 shares. To see InvestorsObserver's Sentiment Score for Euronav NV click here.

More About Euronav NV

Euronav owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products. The company is domiciled in Belgium, but generates revenue globally. Click Here to get the full Stock Report for Euronav NV stock.