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Torchlight Energy Resources Inc (TRCH) Stock: What Does the Chart Say?

Thursday, January 07, 2021 03:03 PM | InvestorsObserver Analysts

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Torchlight Energy Resources Inc (TRCH) Stock: What Does the Chart Say?

Overall market sentiment has been high on Torchlight Energy Resources Inc (TRCH) stock lately. TRCH receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Torchlight Energy Resources Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TRCH!

What is Stock Sentiment?

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.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TRCH Stock Today?

Torchlight Energy Resources Inc (TRCH) stock is trading at $1.01 as of 2:48 PM on Thursday, Jan 7, an increase of $0.19, or 23.47% from the previous closing price of $0.82. The stock has traded between $0.86 and $1.03 so far today. Volume today is above average. So far 10,302,170 shares have traded compared to average volume of 7,997,658 shares.

To see InvestorsObserver's Sentiment Score for Torchlight Energy Resources Inc click here.

More About Torchlight Energy Resources Inc

Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. The firm's projects include Midland Basin, Delaware Basin, and Orogrande Basin.

Click Here to get the full Stock Score Report on Torchlight Energy Resources Inc (TRCH) Stock.

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