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Regis Corporation (RGS) Stock: What Does the Chart Say Friday?

Friday, August 26, 2022 11:15 AM | InvestorsObserver Analysts
Regis Corporation (RGS) Stock: What Does the Chart Say Friday?

The market has been high on Regis Corporation (RGS) stock recently. RGS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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. 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 RGS Stock Today?

Regis Corporation (RGS) stock is trading at $1.56 as of 11:14 AM on Friday, Aug 26, a loss of -$0.08, or -4.88% from the previous closing price of $1.64. The stock has traded between $1.52 and $1.73 so far today. Volume today is below average. So far 699,612 shares have traded compared to average volume of 1,624,444 shares. To screen for more stocks like Regis Corporation click here.

More About Regis Corporation

Regis Corp owns, franchises, and operates beauty salons throughout North America and the United Kingdom. The company's locations provide salon products and services to the mass market, including haircutting, styling, and hair coloring. The vast majority of Regis' salons are in strip malls, shopping centers, and Wal-Mart stores in North America and serve price-conscious customers. The company derives most of its revenue from these locations. The sale of products also contributes a relatively significant percentage of total sales. Regis also operates a smaller portfolio of premium salons across North America and the U.K. The company's major brands include SmartStyle, Cost Cutters, and Supercuts. Click Here to get the full Stock Report for Regis Corporation stock.

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