Cannabix Technologies Inc (BLOZF) Stock: What Does the Chart Say Tuesday?

Cannabix Technologies Inc (BLOZF) stock is higher by 3.66% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Cannabix Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BLOZF!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BLOZF Stock Today?

Cannabix Technologies Inc (BLOZF) stock is trading at $0.85 as of 9:48 AM on Tuesday, Aug 31, a gain of $0.05, or 6.61% from the previous closing price of $0.79. The stock has traded between $0.76 and $0.85 so far today. Volume today is below average. So far 64,821 shares have traded compared to average volume of 100,476 shares.

More About Cannabix Technologies Inc

Cannabix Technologies Inc is a technology company. The company is engaged in developing marijuana breathalyzer technology. The operations of the Company require research and development of the technology. Cannabix is developing drug-testing devices that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. These devices will be used to provide detection of THC at a roadside and identify drivers under the influence of marijuana. Click Here to get the full Stock Report for Cannabix Technologies Inc stock.