The market has been high on Oblong Inc (OBLG) stock recently. OBLG gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 OBLG Stock Today?
Oblong Inc (OBLG) stock is trading at $5.73 as of 10:06 AM on Monday, Feb 8, a rise of $0.81, or 16.46% from the previous closing price of $4.92. The stock has traded between $4.88 and $5.83 so far today. Volume today is below average. So far 29,926 shares have traded compared to average volume of 185,392 shares.
To see InvestorsObserver's Sentiment Score for Oblong Inc click here.
More About Oblong Inc
Oblong Inc is a software company. Its flagship product Mezzanine is a technology platform that offers content sharing to achieve situational awareness for both in-room and remote collaborators. Oblong supplies Mezzanine systems to Fortune 500 enterprise customers and, is a Cisco Solutions Plus Partner. The company segments include Oblong business, which consists of managed services for video collaboration and network, and the Oblong Industries business which consists of products and services for visual collaboration technologies. The oblong business contributes to the majority of the revenue.
Click Here to get the full Stock Score Report on Oblong Inc (OBLG) Stock.
