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

Tuesday, October 04, 2022 02:58 PM | InvestorsObserver Analysts
Nine Energy Service Inc (NINE) Stock: What Does the Chart Say Tuesday?

Nine Energy Service Inc (NINE) stock is up 26.97% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 NINE Stock Today?

Nine Energy Service Inc (NINE) stock is trading at $3.06 as of 2:57 PM on Tuesday, Oct 4, a gain of $0.20, or 6.99% from the previous closing price of $2.86. The stock has traded between $2.90 and $3.12 so far today. Volume today is 280,257 compared to average volume of 320,044. To see InvestorsObserver's Sentiment Score for Nine Energy Service Inc click here.

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.

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