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 MCMJ Stock Today?
Merida Merger Corp I (MCMJ) stock is trading at $9.98 as of 2:37 PM on Friday, Jan 14, a loss of -$0.01, or -0.11% from the previous closing price of $9.99. Volume today is 222,586 compared to average volume of 294,626. The stock has traded between $9.97 and $9.99 so far today.
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