Proto Labs Inc (PRLB) Stock: What Does the Chart Say Monday?

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

Proto Labs Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PRLB!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 PRLB Stock Today?

Proto Labs Inc (PRLB) stock has risen 2.65% while the S&P 500 is lower by -0.03% as of 12:47 PM on Monday, Nov 6. PRLB has gained $0.84 from the previous closing price of $31.69 on volume of 124,262 shares. Over the past year the S&P 500 has risen 14.46% while PRLB has gained 32.61%. PRLB lost -$3.80 per share in the over the last 12 months. To screen for more stocks like Proto Labs Inc click here.

More About Proto Labs Inc

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The largest end market is the United States of America. Click Here to get the full Stock Report for Proto Labs Inc stock.