The market has been high on Montage Resources Corp (MR) stock recently. MR gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 MR Stock Today?
Montage Resources Corp (MR) stock is trading at $5.70 as of 11:56 AM on Monday, Aug 10, an increase of $0.40, or 7.55% from the previous closing price of $5.30. The stock has traded between $5.31 and $5.84 so far today. Volume today is light. So far 370,357 shares have traded compared to average volume of 523,513 shares.
To see InvestorsObserver's Sentiment Score for Montage Resources Corp click here.
More About Montage Resources Corp
Montage Resources Corp is an exploration and production company with approximately 227,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia and North Central Pennsylvania. The company's only segments are oil and natural gas exploration and production.
