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 VLCN Stock Today?
Volcon Inc (VLCN) stock has risen 2.61% while the S&P 500 has fallen -0.74% as of 10:36 AM on Wednesday, Oct 25. VLCN has gained $0.03 from the previous closing price of $1.15 on volume of 17,346 shares. Over the past year the S&P 500 is higher by 11.03% while VLCN has fallen -85.25%. VLCN lost -$8.95 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Volcon Inc click here.
More About Volcon Inc
Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories.
Click Here to get the full Stock Report for Volcon Inc stock.
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