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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With OTLK Stock Today?
Outlook Therapeutics Inc (OTLK) stock is trading at $0.59 as of 10:15 AM on Tuesday, Oct 31, a rise of $0.05, or 8.41% from the previous closing price of $0.54. The stock has traded between $0.54 and $0.59 so far today. Volume today is less active than usual. So far 807,004 shares have traded compared to average volume of 10,203,432 shares.
To see InvestorsObserver's Sentiment Score for Outlook Therapeutics Inc click here.
