Parts Id Inc (ID) Stock: What Does the Chart Say Tuesday?

Tuesday, October 04, 2022 03:43 PM | InvestorsObserver Analysts

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Parts Id Inc (ID) Stock: What Does the Chart Say Tuesday?

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

Parts Id Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ID!

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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. 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 ID Stock Today?

Parts Id Inc (ID) stock is trading at $1.62 as of 2:16 PM on Tuesday, Oct 4, an increase of $0.10, or 6.58% from the previous closing price of $1.52. The stock has traded between $1.59 and $1.68 so far today. Volume today is 35,971 compared to average volume of 32,878. To screen for more stocks like Parts Id Inc click here.

More About Parts Id Inc

PARTS iD Inc is a technology-driven, digital commerce company focused on online retailer of automotive parts, components, and accessories. The product portfolio includes interior products, exterior products, wheels, body parts, audio & electronics, automotive tools, and other related products. Click Here to get the full Stock Report for Parts Id Inc stock.