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.
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 TREC Stock Today?
Trecora Resources (TREC) stock is trading at $9.48 as of 10:48 AM on Thursday, May 12, a decline of -$0.03, or -0.32% from the previous closing price of $9.51. Volume today is more active than usual. So far 309,490 shares have traded compared to average volume of 130,243 shares. The stock has traded between $9.45 and $9.58 so far today.
To see InvestorsObserver's Sentiment Score for Trecora Resources click here.
More About Trecora Resources
Trecora Resources manufactures specialty petrochemical products and synthetic waxes. Its specialty petrochemical segment includes products such as high purity hydrocarbons, and other petroleum-based products, which include isopentane, normal pentane, isohexane, and hexane. The specialty synthetic waxes segment produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It derives maximum revenue from its specialty petrochemical segment. Geographically, the company operates in the United States.
Click Here to get the full Stock Report for Trecora Resources stock.
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