Overall market sentiment has been high on Icanic Brands Company Inc (ICNAF) stock lately. ICNAF receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 ICNAF Stock Today?
Icanic Brands Company Inc (ICNAF) stock has gained 14.59% while the S&P 500 is lower by -0.23% as of 11:01 AM on Tuesday, Feb 9. ICNAF is up $0.08 from the previous closing price of $0.55 on volume of 2,633,328 shares. Over the past year the S&P 500 is higher by 16.54% while ICNAF is up 270.59%. ICNAF lost -$0.05 per share in the over the last 12 months.
More About Icanic Brands Company Inc
Icanic Brands Co Inc is a wellness company focused on the development, manufacturing, marketing, and distribution of botanically-based consumable products. It offers an optimal oral spray delivery system under the brand name GanjaGold and Taylor's. The company has one reportable business segment being the cannabis sector. Geographically, it derives a majority of revenue from the United States.