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.
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 DTEA Stock Today?
DavidsTea Inc (DTEA) stock is down -35.8% while the S&P 500 has gained 0.57% as of 2:51 PM on Monday, Mar 27. DTEA is lower by -$0.29 from the previous closing price of $0.81 on volume of 257,330 shares. Over the past year the S&P 500 is down -12.72% while DTEA is lower by -82.13%. DTEA lost -$0.28 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for DavidsTea Inc click here.
More About DavidsTea Inc
DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company primarily serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. Additionally, it sells Tea Accessories such as tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles and Beverages ranging from the standard hot or iced tea to tea lattes.
Click Here to get the full Stock Report for DavidsTea Inc stock.
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