Is Sol Gel Technologies Ltd (SLGL) Stock About to Get Hot Thursday?

Thursday, September 21, 2023 11:01 AM | InvestorsObserver Analysts

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Is Sol Gel Technologies Ltd (SLGL) Stock About to Get Hot Thursday?

The market has been down on Sol Gel Technologies Ltd (SLGL) stock recently. SLGL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sol Gel Technologies Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SLGL!

See Full SLGL Report

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 SLGL Stock Today?

Sol Gel Technologies Ltd (SLGL) stock is trading at $2.14 as of 10:06 AM on Thursday, Sep 21, a decline of -$0.01, or -0.47% from the previous closing price of $2.15. Volume today is low. So far 5,900 shares have traded compared to average volume of 10,908 shares. The stock has traded between $2.14 and $2.37 so far today.

More About Sol Gel Technologies Ltd

Sol-Gel Technologies Ltd is a clinical-stage specialty pharmaceutical company. It is engaged in identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases. The company's product candidate pipeline consists of silica-based microencapsulation technology platform, and several generic product candidates across multiple indications. Click Here to get the full Stock Report for Sol Gel Technologies Ltd stock.