Mettler-Toledo International Inc (MTD) Stock: What Does the Chart Say Monday?

The market has been high on Mettler-Toledo International Inc (MTD) stock recently. MTD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Mettler-Toledo International Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MTD!

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What is Stock Sentiment?

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. 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 MTD Stock Today?

Mettler-Toledo International Inc (MTD) stock is trading at $1,020.00 as of 2:35 PM on Monday, Nov 13, a decline of -$24.11, or -2.31% from the previous closing price of $1,044.11. The stock has traded between $1,015.29 and $1,035.13 so far today. Volume today is low. So far 59,615 shares have traded compared to average volume of 163,236 shares.

More About Mettler-Toledo International Inc

Mettler-Toledo International supplies weighing and precision instruments to customers in the life sciences (54% of 2020 sales), industrial (40%), and food retail industries (6%). Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%. Click Here to get the full Stock Report for Mettler-Toledo International Inc stock.