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Is Mongodb Inc (MDB) a Stock to Watch After Gaining 11.23% This Week?

Wednesday, January 18, 2023 03:10 PM | InvestorsObserver Analysts

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Is Mongodb Inc (MDB) a Stock to Watch After Gaining 11.23% This Week?

The market has been high on Mongodb Inc (MDB) stock recently. MDB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Mongodb Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MDB!

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 MDB Stock Today?

Mongodb Inc (MDB) stock is trading at $202.54 as of 3:06 PM on Wednesday, Jan 18, a decline of -$0.30, or -0.15% from the previous closing price of $202.84. Volume today is less active than usual. So far 781,246 shares have traded compared to average volume of 2,235,829 shares. The stock has traded between $199.78 and $212.29 so far today. To screen for more stocks like Mongodb Inc click here.

More About Mongodb Inc

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases. Click Here to get the full Stock Report for Mongodb Inc stock.

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