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Where Will Singapore Telecommunications ADR (SGAPY) Stock Go Next After It Has Risen 0.16% in a Week?

Monday, June 05, 2023 01:18 PM | InvestorsObserver Analysts

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Where Will Singapore Telecommunications ADR (SGAPY) Stock Go Next After It Has Risen 0.16% in a Week?

Singapore Telecommunications ADR (SGAPY) stock is up 0.16% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Singapore Telecommunications ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SGAPY!

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. 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 SGAPY Stock Today?

Singapore Telecommunications ADR (SGAPY) stock is trading at $18.40 as of 12:51 PM on Monday, Jun 5, a loss of -$0.52, or -2.77% from the previous closing price of $18.93. Volume today is above average. So far 162,246 shares have traded compared to average volume of 41,864 shares. The stock has traded between $18.36 and $18.60 so far today. To see InvestorsObserver's Sentiment Score for Singapore Telecommunications ADR click here.

More About Singapore Telecommunications ADR

Singapore Telecommunications is Singapore's leading telecoms company. It owns extensive wired and wireless networks offering data and voice services to a broad customer base. Singtel's diverse investment portfolio spreads across the region. The firm wholly owns Optus in Australia and minority equity stakes in Airtel (29%) in India; Telkomsel (35%) in Indonesia; Globe Telecom (47%) in the Philippines; and Advanced Information Services (23%) and Intouch (21%) in Thailand. Singtel is majority-owned by the Singapore government. Click Here to get the full Stock Report for Singapore Telecommunications ADR stock.

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