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 FLME Stock Today?
Flame Acquisition Corp (FLME) stock is trading at $10.07 as of 11:10 AM on Tuesday, Dec 13, a gain of $0.08, or 0.8% from the previous closing price of $9.99. The stock has traded between $10.06 and $10.08 so far today. Volume today is less active than usual. So far 173,496 shares have traded compared to average volume of 494,334 shares.
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