Do Traders Think Neonode, Inc (NEON) Can Keep Climbing Tuesday?

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

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

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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. 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 NEON Stock Today?

Neonode, Inc (NEON) stock is trading at $2.28 as of 10:40 AM on Tuesday, Dec 19, a gain of $0.25, or 12.32% from the previous closing price of $2.03. The stock has traded between $2.04 and $2.43 so far today. Volume today is high. So far 152,907 shares have traded compared to average volume of 64,062 shares. To screen for more stocks like Neonode, Inc click here.

More About Neonode, Inc

Neonode Inc develops advanced optical sensing solutions for contactless touch, touch, gesture sensing, and in-cabin monitoring. Its trademarks include zForce, MultiSensing, AirBar and others. Its business areas are HMI Solutions which offers bespoke touch and gesture sensing solutions based on infrared-based zForce technology, HMI Products business which manufactures and sells standardized touch sensor modules that can be used to create contactless touch interfaces to elevator control panels, keypads, displays, and other human-machine interfaces, and Remote Sensing Solutions. The group derives revenue from the United States and other countries, of which key revenue is derived from the United States. Click Here to get the full Stock Report for Neonode, Inc stock.