The market has been high on EuroDry Ltd (EDRY) stock recently. EDRY gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 EDRY Stock Today?
EuroDry Ltd (EDRY) stock has fallen -0.26% while the S&P 500 has risen 1.61% as of 3:13 PM on Tuesday, Sep 29. EDRY is down -$0.01 from the previous closing price of $3.81 on volume of 152,272 shares. Over the past year the S&P 500 has gained 12.59% while EDRY is down -52.50%. EDRY lost -$2.93 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for EuroDry Ltd click here.
More About EuroDry Ltd
EuroDry Ltd is a holding company. It is a provider of ocean-going transportation. The company owns and operates dry bulk carriers that transport major bulks such as iron ore, coal, grains including minor bulks such as aluminum, bauxite, phosphate, and fertilizers.
Click Here to get the full Stock Score Report on EuroDry Ltd (EDRY) Stock.
