Is Cannabix Technologies Inc (BLOZF) Stock About to Get Hot Friday?

Cannabix Technologies Inc (BLOZF) stock is lower by 11.11% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Cannabix Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BLOZF!

See Full BLOZF Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 BLOZF Stock Today?

Cannabix Technologies Inc (BLOZF) stock is trading at $0.24 as of 2:53 PM on Friday, Mar 17, a drop of -$0.01, or -3.65% from the previous closing price of $0.25. The stock has traded between $0.23 and $0.26 so far today. Volume today is high. So far 128,408 shares have traded compared to average volume of 59,269 shares. To see InvestorsObserver's Sentiment Score for Cannabix Technologies Inc click here.

More About Cannabix Technologies Inc

Cannabix Technologies Inc is in the development of marijuana breathalyzer. It is developing breath testing technologies that can be used at the point of care to detect recent use of marijuana. It is also developing its technology to help employers, law enforcement, government and the public, when marijuana is becoming legal for recreational and medicinal use in many jurisdictions globally. The FAIMS device is designed to operate both independently or coupled in tandem directly to a mass spectrometer, used in forensic labs. The THC Breath Analyzer is a point of care breath testing tool for the rapid detection of recent cannabis use. Click Here to get the full Stock Report for Cannabix Technologies Inc stock.