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Mogo Inc (MOGO) Stock: What Does the Chart Say Tuesday?

Tuesday, December 05, 2023 03:26 PM | InvestorsObserver Analysts

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Mogo Inc (MOGO) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been high on Mogo Inc (MOGO) stock lately. MOGO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Mogo Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MOGO!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MOGO Stock Today?

Mogo Inc (MOGO) stock is trading at $1.59 as of 3:13 PM on Tuesday, Dec 5, a rise of $0.01, or 0.73% from the previous closing price of $1.58. Volume today is more active than usual. So far 92,524 shares have traded compared to average volume of 53,231 shares. The stock has traded between $1.55 and $1.68 so far today. To see InvestorsObserver's Sentiment Score for Mogo Inc click here.

More About Mogo Inc

Mogo, one of Canada's leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo's wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo¿s digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo's wholly-owned subsidiary, Carta Worldwide, we also offer a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada. Click Here to get the full Stock Report for Mogo Inc stock.

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