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Taronis Technologies Inc (TRNX) Stock Gets a Bearish Rating

Monday, April 27, 2020 10:07 AM | InvestorsObserver Analysts
Taronis Technologies Inc (TRNX) Stock Gets a Bearish Rating

The market has been down on Taronis Technologies Inc (TRNX) stock recently. TRNX gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish

Taronis Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TRNX!

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.

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 TRNX Stock Today?

Taronis Technologies Inc (TRNX) stock is trading at $0.30 as of 10:06 AM on Monday, Apr 27, a rise of $0.02, or 8.13% from the previous closing price of $0.28. The stock has traded between $0.27 and $0.32 so far today. Volume today is low. So far 14,397,036 shares have traded compared to average volume of 82,061,718 shares.

To see InvestorsObserver's Sentiment Score for Taronis Technologies Inc click here.

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