Cannabis Strategic Ventures (NUGS) stock has risen 16.67% over the past week and gets a Neutral rating from InvestorsObserver's 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.
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 NUGS Stock Today?
Cannabis Strategic Ventures (NUGS) stock is trading at $0.07 as of 10:51 AM on Friday, Jan 15, a gain of $0.01, or 14.92% from the previous closing price of $0.07. The stock has traded between $0.06 and $0.09 so far today. Volume today is more active than usual. So far 4,694,009 shares have traded compared to average volume of 1,127,145 shares.
To see InvestorsObserver's Sentiment Score for Cannabis Strategic Ventures click here.
More About Cannabis Strategic Ventures
Cannabis Strategic Ventures focuses on medical and legal recreational cannabis sector. It provides temporary, permanent, and long-term staffing solutions, employment and human resources consulting to the legal Cannabis sector.
Click Here to get the full Stock Score Report on Cannabis Strategic Ventures (NUGS) Stock.
