Overall market sentiment has been high on Just Energy Group Inc (JE) stock lately. JE receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 JE Stock Today?
Just Energy Group Inc (JE) stock is trading at $5.15 as of 9:51 AM on Monday, Oct 5, an increase of $0.13, or 2.59% from the previous closing price of $5.02. The stock has traded between $4.86 and $5.33 so far today. Volume today is light. So far 240,862 shares have traded compared to average volume of 2,104,985 shares.
To see InvestorsObserver's Sentiment Score for Just Energy Group Inc click here.
More About Just Energy Group Inc
Just Energy Group Inc is a Canadian-based electricity and natural gas company that operates in various Canadian provinces, the United States, and the United Kingdom. The company mainly sells its products to residential and small community customers through its Consumer segment and to mid-sized commercial customers through its Commercial segment. Despite being headquartered in Canada, the majority of the company's overall revenue is generated in the U.S., specifically, in electricity and in the consumer segment. Aside from fixed-price contracts, the company also sells variable-price and flat-bill contracts, "Just Green" SmartStat thermostats, and solar panels.
Click Here to get the full Stock Score Report on Just Energy Group Inc (JE) Stock.
