Canoo Inc (GOEV) Stock: What Does the Chart Say Monday?

The market has been high on Canoo Inc (GOEV) stock recently. GOEV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

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 GOEV Stock Today?

Canoo Inc (GOEV) stock is flat 0.69% while the S&P 500 has fallen -1.01% as of 10:18 AM on Monday, Dec 5. GOEV is flat $0.00 from the previous closing price of $1.44 on volume of 2,642,066 shares. Over the past year the S&P 500 has fallen -12.22% while GOEV has fallen -85.05%. GOEV lost -$2.24 per share in the over the last 12 months. To screen for more stocks like Canoo Inc click here.

More About Canoo Inc

Canoo Inc is a mobility technology company. The company designs and manufactures electric vehicles for both commercial and consumer markets. The product pipeline includes three vehicle programs: Electric delivery vehicles, Lifestyle vehicle, and Sports vehicle. Click Here to get the full Stock Report for Canoo Inc stock.