Where Will Euronav NV (EURN) Stock Go Next After It Is Lower By 12.09% in a Week?

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

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

See Full EURN Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 EURN Stock Today?

Euronav NV (EURN) stock is trading at $15.64 as of 10:38 AM on Tuesday, Mar 19, a rise of $0.16, or 1.03% from the previous closing price of $15.48. The stock has traded between $15.25 and $15.88 so far today. Volume today is less active than usual. So far 417,376 shares have traded compared to average volume of 1,873,858 shares. To screen for more stocks like 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.