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 GWH Stock Today?
ESS Tech Inc (GWH) stock is down -3.41% while the S&P 500 has gained 0.19% as of 11:29 AM on Monday, Nov 6. GWH is lower by -$0.05 from the previous closing price of $1.32 on volume of 280,887 shares. Over the past year the S&P 500 has risen 14.71% while GWH is lower by -68.17%. GWH lost -$0.66 per share in the over the last 12 months.
