The market has been high on Ncino Inc (NCNO) stock recently. NCNO gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With NCNO Stock Today?
Ncino Inc (NCNO) stock is lower by -0.37% while the S&P 500 has risen 0.41% as of 3:01 PM on Friday, Apr 16. NCNO is lower by -$0.26 from the previous closing price of $70.19 on volume of 401,451 shares. Over the past year the S&P 500 has risen 30.97% while NCNO is lower by -23.65%. NCNO lost -$0.46 per share in the over the last 12 months.
To see the top 5 stocks in the Software - Application industry click here.
More About Ncino Inc
Ncino Inc is a provider of cloud based software for financial institutions. Its software solution digitizes, automates and streamlines inefficient and complex processes and workflow and utilizes data analytics and artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions.
Click Here to get the full Stock Score Report on Ncino Inc (NCNO) Stock.
