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

Mongodb Inc (MDB) stock is up 4.43% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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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 MDB Stock Today?

Mongodb Inc (MDB) stock is down -4.14% while the S&P 500 is up 0.91% as of 3:53 PM on Monday, Mar 20. MDB has fallen -$9.10 from the previous closing price of $219.77 on volume of 1,052,430 shares. Over the past year the S&P 500 is down -11.41% while MDB has fallen -46.05%. MDB lost -$5.03 per share in the over the last 12 months.

More About Mongodb Inc

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases. Click Here to get the full Stock Report for Mongodb Inc stock.