Overall market sentiment has been down on Moxian Inc (MOXC) stock lately. MOXC receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 MOXC Stock Today?
Moxian Inc (MOXC) stock is trading at $1.27 as of 11:56 AM on Tuesday, Nov 24, an increase of $0.09, or 7.63% from the previous closing price of $1.18. The stock has traded between $1.20 and $1.28 so far today. Volume today is light. So far 154,993 shares have traded compared to average volume of 580,557 shares.
More About Moxian Inc
Moxian Inc is engaged in the O2O (Online-to-Offline) business. It serves small and medium sized enterprises (SMEs) with physical stores to conduct business online, interact with existing customers and obtain new ones. The company recognizes revenue from the sale of merchandise through its online platforms.