What is the Market's View on Raven Industries, Inc. (RAVN) Stock's Price and Volume Trends

Friday, August 7, 2020 3:30 PM | InvestorsObserver Analysts

Raven Industries, Inc. (RAVN) stock has gained 8.98% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Raven Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RAVN!

What is Stock Sentiment?

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.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With RAVN Stock Today?

Raven Industries, Inc. (RAVN) stock is trading at $23.55 as of 3:22 PM on Friday, Aug 7, an increase of $0.61, or 2.66% from the previous closing price of $22.94. The stock has traded between $22.80 and $23.62 so far today. Volume today is below average. So far 35,038 shares have traded compared to average volume of 245,008 shares.

To screen for more stocks like Raven Industries, Inc. click here.

More About Raven Industries, Inc.

Raven Industries Inc is a diversified technology company providing products to customers within the industrial, agricultural, energy, construction, and defense markets. The company has three reportable segments namely Applied Technology, Engineered Films Division, and Aerostar Division. Applied Technology sells its precision agriculture control products to both original equipment manufacturers and through aftermarket distribution partners. Its Engineered Films produces high-performance plastic films and sheeting for geomembrane, agricultural, construction, and industrial applications, and Aerostar serves the aerospace/defense, radar, and lighter-than-air markets. It generates a majority of its revenue from the Engineered Films segment.

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