Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 QS Stock Today?
Quantumscape Corp (QS) stock is trading at $18.21 as of 12:35 PM on Thursday, Apr 7, a loss of -$1.08, or -5.6% from the previous closing price of $19.29. The stock has traded between $18.09 and $19.46 so far today. Volume today is below average. So far 3,277,144 shares have traded compared to average volume of 8,271,286 shares.
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More About Quantumscape Corp
QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing.
Click Here to get the full Stock Report for Quantumscape Corp stock.
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