Overall market sentiment has been down on FREYR Battery SA (FREY) stock lately. FREY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
FREYR Battery SA has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FREY!
What is Stock Sentiment?
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FREY Stock Today?
FREYR Battery SA (FREY) stock is trading at $11.00 as of 10:45 AM on Wednesday, Nov 24, a decline of -$0.30, or -2.65% from the previous closing price of $11.30. The stock has traded between $10.90 and $11.36 so far today. Volume today is low. So far 268,457 shares have traded compared to average volume of 1,429,131 shares.
More About FREYR Battery SA
FREYR Battery is an emerging producer of clean battery solutions for a better planet. It designs and manufactures high-density and cost-competitive lithium-ion batteries with a reduced carbon footprint for the global markets for electric mobility, stationary energy storage, marine and aviation applications.
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