Overall market sentiment has been high on Mid-Con Energy Partners LP (MCEP) stock lately. MCEP receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 MCEP Stock Today?
Mid-Con Energy Partners LP (MCEP) stock is lower by -9.26% while the S&P 500 is higher by 0.39% as of 3:25 PM on Friday, Nov 20. MCEP has fallen -$0.26 from the previous closing price of $2.82 on volume of 47,742 shares. Over the past year the S&P 500 is up 15.23% while MCEP has fallen -52.59%. MCEP lost -$6.25 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Mid-Con Energy Partners LP click here.
More About Mid-Con Energy Partners LP
Mid-Con Energy Partners LP is engaged in the development and production of oil and natural gas properties. The company's properties are located in Oklahoma and Wyoming core areas. It derives most of the revenue from the sale of oil and natural gas, of which a majority of the revenue is derived from oil sales.
Click Here to get the full Stock Score Report on Mid-Con Energy Partners LP (MCEP) Stock.
