Overall market sentiment has been high on Modular Medical Inc (MODD) stock lately. MODD receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Modular Medical Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MODD!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 MODD Stock Today?
Modular Medical Inc (MODD) stock is trading at $1.26 as of 10:47 AM on Monday, Nov 27, a drop of -$0.04, or -3.08% from the previous closing price of $1.30. The stock has traded between $1.26 and $1.35 so far today. Volume today is light. So far 16,822 shares have traded compared to average volume of 41,883 shares.
To screen for more stocks like Modular Medical Inc click here.
More About Modular Medical Inc
Modular Medical Inc is a development stage medical device company, which focuses on the design, development, and commercialization of an insulin pump to address shortcomings and problems represented by the relatively limited adoption of currently available pumps for insulin-requiring people with diabetes.
Click Here to get the full Stock Report for Modular Medical Inc stock.
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