Overall market sentiment has been down on Allego NV (ALLG) stock lately. ALLG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Allego NV has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ALLG!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With ALLG Stock Today?
Allego NV (ALLG) stock has fallen -1.43% while the S&P 500 has gained 0.06% as of 1:00 PM on Friday, Nov 24. ALLG is lower by -$0.02 from the previous closing price of $1.40 on volume of 91,640 shares. Over the past year the S&P 500 is up 13.21% while ALLG is lower by -66.18%. ALLG lost -$0.39 per share in the over the last 12 months.