Overall market sentiment has been down on Taronis Technologies Inc (TRNX) stock lately. TRNX receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
Taronis Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TRNX!
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 TRNX Stock Today?
Taronis Technologies Inc (TRNX) stock is flat -5.32% while the S&P 500 has gained 1.23% as of 9:35 AM on Wednesday, May 27. TRNX is unchanged $0.00 from the previous closing price of $0.07 on volume of 317,270 shares. Over the past year the S&P 500 has gained 6.76% while TRNX has fallen -97.14%. TRNX lost -$7.20 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Taronis Technologies Inc click here.
More About Taronis Technologies Inc
Taronis Technologies Inc. is a part of the energy markets. The company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. It also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales, and Service, Inc.