Magnachip Semiconductor Corp (MX) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been high on Magnachip Semiconductor Corp (MX) stock lately. MX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Magnachip Semiconductor Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MX!

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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 MX Stock Today?

Magnachip Semiconductor Corp (MX) stock is lower by -7.62% while the S&P 500 has risen 0.47% as of 9:45 AM on Thursday, Feb 29. MX is lower by -$0.51 from the previous closing price of $6.69 on volume of 37,775 shares. Over the past year the S&P 500 has risen 28.30% while MX is lower by -35.49%. MX lost -$0.65 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Magnachip Semiconductor Corp click here.

More About Magnachip Semiconductor Corp

MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. It generates maximum revenue from the Standard products business segment. Geographically, it derives a majority of revenue from the Asia Pacific. Click Here to get the full Stock Report for Magnachip Semiconductor Corp stock.