Is Bluejay Diagnostics Inc (BJDX) Stock About to Get Hot Wednesday?

Bluejay Diagnostics Inc (BJDX) stock is up 12.77% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 BJDX Stock Today?

Bluejay Diagnostics Inc (BJDX) stock is trading at $4.24 as of 10:15 AM on Wednesday, Oct 18, a drop of -$0.11, or -2.53% from the previous closing price of $4.35. The stock has traded between $4.23 and $4.70 so far today. Volume today is less active than usual. So far 3,300 shares have traded compared to average volume of 1,373,570 shares. To screen for more stocks like Bluejay Diagnostics Inc click here.

More About Bluejay Diagnostics Inc

Bluejay Diagnostics Inc develops, manufactures and markets innovative clinical diagnostic products that improve the quality of medical diagnoses by developing Point-of-Care tests that provide convenience, timeliness, compliance and low cost to physicians and patients in areas where timeliness of the initial triage assessment has a high impact on course of treatment. Click Here to get the full Stock Report for Bluejay Diagnostics Inc stock.