Elevate Credit Inc (ELVT) Stock: What Does the Chart Say Monday?

Monday, November 28, 2022 03:32 PM | InvestorsObserver Analysts

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Elevate Credit Inc (ELVT) Stock: What Does the Chart Say Monday?

Overall market sentiment has been high on Elevate Credit Inc (ELVT) stock lately. ELVT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Elevate Credit Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ELVT!

See Full ELVT Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 ELVT Stock Today?

Elevate Credit Inc (ELVT) stock is flat 0% while the S&P 500 is down -1.74% as of 3:17 PM on Monday, Nov 28. ELVT is unchanged $0.00 from the previous closing price of $1.83 on volume of 536,622 shares. Over the past year the S&P 500 is down -15.02% while ELVT is down -43.52%. ELVT lost -$2.13 per share in the over the last 12 months. To screen for more stocks like Elevate Credit Inc click here.

More About Elevate Credit Inc

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States. Click Here to get the full Stock Report for Elevate Credit Inc stock.