Should You Buy CN ENERGY GROUP Inc (CNEY) Stock on Wednesday?

The market has been down on CN ENERGY GROUP Inc (CNEY) stock recently. CNEY gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

CN ENERGY GROUP Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CNEY!

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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. 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 CNEY Stock Today?

CN ENERGY GROUP Inc (CNEY) stock is trading at $0.48 as of 11:53 AM on Wednesday, Feb 1, a decline of -$0.01, or -2.02% from the previous closing price of $0.49. The stock has traded between $0.47 and $0.51 so far today. Volume today is more active than usual. So far 2,116,910 shares have traded compared to average volume of 1,676,469 shares. To see InvestorsObserver's Sentiment Score for CN ENERGY GROUP Inc click here.

More About CN ENERGY GROUP Inc

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon. Click Here to get the full Stock Report for CN ENERGY GROUP Inc stock.