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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NKLA Stock Today?
Nikola Corporation (NKLA) stock has fallen -2.15% while the S&P 500 has risen 0.18% as of 1:11 PM on Monday, Oct 18. NKLA has fallen -$0.24 from the previous closing price of $11.16 on volume of 4,110,548 shares. Over the past year the S&P 500 has gained 30.72% while NKLA has fallen -46.63%. NKLA lost -$1.25 per share in the over the last 12 months.
More About Nikola Corporation
Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.
Click Here to get the full Stock Report for Nikola Corporation stock.
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