Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 RNW Stock Today?
Renew Energy Global PLC (RNW) stock is down -1.72% while the S&P 500 has risen 1.02% as of 1:44 PM on Friday, Nov 3. RNW is lower by -$0.11 from the previous closing price of $6.09 on volume of 400,827 shares. Over the past year the S&P 500 is higher by 16.02% while RNW has risen 2.04%. RNW lost -$0.05 per share in the over the last 12 months.
More About Renew Energy Global PLC
Renewi is a leading waste to product company that gives new life to used materials every day. We have more than 6800 employees working at 174 operating sites across Europe. Our extensive operational network means we are always close to our customers. For Renewi waste is a state of mind and an opportunity. Our many years of knowledge and experience combined with a broad range of services allow us to offer sustainable practical recycling solutions. We use innovation and the latest technology to turn waste into useful materials such as paper metal plastic glass wood building materials compost and energy. In other words we turn todays waste into tomorrows raw materials. The result of our work is less waste and contamination a smarter use of scarce raw materials and a reduction in carbon emissions. This means that we are contributing towards a cleaner circular world in which we waste no more. Renewi was created in 2017 following the merger of Shanks Group plc with Van Gansewinkel Groep BV and is listed on the London Stock Exchange and the Euronext Amsterdam.
Click Here to get the full Stock Report for Renew Energy Global PLC stock.
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