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 OG Stock Today?
Onion Global Ltd - ADR (OG) stock is unmoved -0.04% while the S&P 500 has gained 0.51% as of 12:55 PM on Wednesday, Dec 14. OG is unchanged $0.00 from the previous closing price of $0.24 on volume of 334,024 shares. Over the past year the S&P 500 is down -13.47% while OG is down -91.18%. OG lost -$0.55 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Onion Global Ltd - ADR click here.
