Is Taronis Technologies Inc (TRNX) Stock About to Get Hot Thursday?

Thursday, April 16, 2020 11:36 AM | InvestorsObserver Analysts

The market has been down on Taronis Technologies Inc (TRNX) stock recently. TRNX gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Taronis Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TRNX!

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.

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 TRNX Stock Today?

Taronis Technologies Inc (TRNX) stock is higher by 42.45% while the S&P 500 has fallen -2.2% as of 11:35 AM on Thursday, Apr 16. TRNX has gained $0.05 from the previous closing price of $0.11 on volume of 124,502,773 shares. Over the past year the S&P 500 has fallen -4.26% while TRNX has fallen -95.49%. TRNX lost -$7.20 per share in the over the last 12 months.

To see the top 5 stocks in the Oil & Gas Integrated industry click here.

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