Nine Energy Service Inc (NINE) Stock: What Does the Chart Say Monday?

Overall market sentiment has been down on Nine Energy Service Inc (NINE) stock lately. NINE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Nine Energy Service Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NINE!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NINE Stock Today?

Nine Energy Service Inc (NINE) stock is trading at $2.17 as of 1:08 PM on Monday, Mar 18, a rise of $0.03, or 1.64% from the previous closing price of $2.13. The stock has traded between $2.08 and $2.17 so far today. Volume today is below average. So far 134,531 shares have traded compared to average volume of 557,207 shares.

More About Nine Energy Service Inc

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States. Click Here to get the full Stock Report for Nine Energy Service Inc stock.