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 TNON Stock Today?
Tenon Medical Inc (TNON) stock is up 1.51% while the S&P 500 is lower by -0.36% as of 10:11 AM on Tuesday, Nov 21. TNON has gained $0.03 from the previous closing price of $1.94 on volume of 16,728 shares. Over the past year the S&P 500 has risen 14.71% while TNON is lower by -93.32%. TNON lost -$17.41 per share in the over the last 12 months.
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