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HIVE Blockchain Technologies Ltd (HIVE) Stock: What Does the Chart Say Monday?

Monday, August 15, 2022 09:41 AM | InvestorsObserver Analysts
HIVE Blockchain Technologies Ltd (HIVE) Stock: What Does the Chart Say Monday?

The market has been high on HIVE Blockchain Technologies Ltd (HIVE) stock recently. HIVE gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
HIVE Blockchain Technologies Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HIVE!

What is Stock Sentiment?

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HIVE Stock Today?

HIVE Blockchain Technologies Ltd (HIVE) stock is trading at $6.75 as of 9:40 AM on Monday, Aug 15, a loss of -$0.43, or -6.01% from the previous closing price of $7.18. The stock has traded between $6.70 and $7.16 so far today. Volume today is light. So far 52,165 shares have traded compared to average volume of 2,067,729 shares. To screen for more stocks like HIVE Blockchain Technologies Ltd click here.

More About HIVE Blockchain Technologies Ltd

HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies. Its projects include Iceland Cryptocurrency Mining Project. Click Here to get the full Stock Report for HIVE Blockchain Technologies Ltd stock.

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