Electric Vehicle Watch: Quantumscape Corp (QS) Is Bullish And Rising Friday

Quantumscape Corp (QS) is gaining momentum Friday, increasing 5.44%. The market has been high on Quantumscape Corp (QS) stock recently. QS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Quantumscape Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on QS!

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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. 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 QS Stock Today?

Quantumscape Corp (QS) stock is trading at $8.15 as of 1:55 PM on Friday, Mar 31, an increase of $0.42, or 5.44% from the previous closing price of $7.73. The stock has traded between $7.74 and $8.23 so far today. Volume today is less active than usual. So far 2,722,072 shares have traded compared to average volume of 4,880,459 shares. To screen for more stocks like Quantumscape Corp click here.

More About Quantumscape Corp

QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed an anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. Click Here to get the full Stock Report for Quantumscape Corp stock.