The market has been down on Marathon Oil Corporation (MRO) stock recently. MRO gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
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 MRO Stock Today?
Marathon Oil Corporation (MRO) stock is trading at $4.61 as of 11:53 AM on Tuesday, Sep 8, a loss of -$0.33, or -6.69% from the previous closing price of $4.93. The stock has traded between $4.51 and $4.79 so far today. Volume today is less active than usual. So far 16,769,075 shares have traded compared to average volume of 22,737,571 shares.
To see InvestorsObserver's Sentiment Score for Marathon Oil Corporation click here.
More About Marathon Oil Corporation
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2019, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 415 thousand barrels of oil equivalent per day in 2019 at a ratio of 68% oil and NGLs and 32% natural gas.
Click Here to get the full Stock Score Report on Marathon Oil Corporation (MRO) Stock.
