How Will the Market React to BTCS Inc (BTCS) Stock Getting a Bullish Rating

The market has been high on BTCS Inc (BTCS) stock recently. BTCS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

See Full BTCS Report

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. 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 BTCS Stock Today?

BTCS Inc (BTCS) stock is up 8.97% while the S&P 500 is down -0.05% as of 10:03 AM on Monday, Oct 18. BTCS has risen $0.53 from the previous closing price of $5.91 on volume of 45,813 shares. Over the past year the S&P 500 is up 30.41% while BTCS has risen 320.92%. BTCS lost -$0.38 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for BTCS Inc click here.

More About BTCS Inc

BTCS Inc is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using Digital Assets, including bitcoin. The company focuses on blockchain and Digital Asset ecosystems. The firm operates a beta e-commerce marketplace, which accepts a range of digital currencies, has designed a beta secure digital currency storage solution BTCS Wallet. Click Here to get the full Stock Report for BTCS Inc stock.