This Cannabis Stock Has a Bearish Sentiment Score and is Falling: Should You Buy Endexx Corp (EDXC) Monday?

Endexx Corp (EDXC), a player in the cannabis market, is lower by 9.38% Monday as it underperforms the market as a whole. Endexx Corp (EDXC) stock is down 25.00% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Endexx Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EDXC!

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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 EDXC Stock Today?

Endexx Corp (EDXC) stock is flat -9.38% while the S&P 500 has gained 0.95% as of 11:18 AM on Monday, Oct 16. EDXC is unmoved $0.00 from the previous closing price of $0.03 on volume of 109,827 shares. Over the past year the S&P 500 is up 18.78% while EDXC has fallen -62.50%. EDXC lost -$0.01 per share in the over the last 12 months.

More About Endexx Corp

Endexx Corporation is a micro-cap publicly traded company, representing the interest of its shareholders and collaborating with doctors, independent software developers, scientists, engineers, and other companies to build businesses that can thrive collectively in the equity markets. Endexx's team recognizes that individually small companies with new technologies have an extremely difficult time sustaining themselves as stand-alone companies. Through our collaborative practices, individual and group skill sets are better utilized to develop technology and grow the business, while centralizing costs and eliminating redundancies. Click Here to get the full Stock Report for Endexx Corp stock.