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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With HLTH Stock Today?
Cue Health Inc (HLTH) stock has risen 18.74% while the S&P 500 is down -0.04% as of 12:52 PM on Thursday, Aug 31. HLTH is up $0.08 from the previous closing price of $0.44 on volume of 964,192 shares. Over the past year the S&P 500 is up 13.22% while HLTH is down -84.38%. HLTH lost -$1.83 per share in the over the last 12 months.
