Overall market sentiment has been high on My Size Inc (MYSZ) stock lately. MYSZ receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 MYSZ Stock Today?
My Size Inc (MYSZ) stock is trading at $1.03 as of 11:46 AM on Tuesday, Sep 29, a decline of -$0.07, or -6.37% from the previous closing price of $1.10. The stock has traded between $1.01 and $1.20 so far today. Volume today is more active than usual. So far 764,635 shares have traded compared to average volume of 205,338 shares.
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More About My Size Inc
My Size, Inc. (NASDAQ: MYSZ) is a technology and big data company with a proprietary platform that generates accurate measurements on any mobile device. Measurements are used to improve the consumer journey in the omnichannel world on a number of markets including e-commerce, parcel delivery, and DIY. The Company's flagship product, MySizeID(TM), serves the e-commerce apparel market, currently a $72 billion market in the U.S. alone. With 70% of e-commerce apparel returns being size related, MySizeID improves retailer revenues (lowers cart abandonment rates and virtually eliminates size-related returns) while building customer loyalty. Beyond apparel, My Size also created BoxSize which enables customers to measure packages and calculate shipping costs via their smartphone and SizeUp a smart tape measure app for the e-commerce Do It Yourself (DIY) market.
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