Do Traders Think Sol Gel Technologies Ltd (SLGL) Can Keep Climbing Wednesday?

Wednesday, May 31, 2023 11:38 AM | InvestorsObserver Analysts

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Do Traders Think Sol Gel Technologies Ltd (SLGL) Can Keep Climbing Wednesday?

Sol Gel Technologies Ltd (SLGL) stock is higher by 3.42% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Sol Gel Technologies Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SLGL!

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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. 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 SLGL Stock Today?

Sol Gel Technologies Ltd (SLGL) stock has risen 6.76% while the S&P 500 is down -0.93% as of 10:21 AM on Wednesday, May 31. SLGL has gained $0.23 from the previous closing price of $3.40 on volume of 3,211 shares. Over the past year the S&P 500 is higher by 0.83% while SLGL is down -38.27%. SLGL lost -$0.81 per share in the over the last 12 months.

More About Sol Gel Technologies Ltd

Sol-Gel Technologies Ltd is a clinical-stage specialty pharmaceutical company. It is engaged in identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases. The company's product candidate pipeline consists of silica-based microencapsulation technology platform, and several generic product candidates across multiple indications. Click Here to get the full Stock Report for Sol Gel Technologies Ltd stock.