Where Will Argo Blockchain PLC - ADR (ARBK) Stock Go Next After It Has Gained 25.49% in a Week?

Overall market sentiment has been high on Argo Blockchain PLC - ADR (ARBK) stock lately. ARBK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Argo Blockchain PLC - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ARBK!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 ARBK Stock Today?

Argo Blockchain PLC - ADR (ARBK) stock is trading at $1.28 as of 11:19 AM on Tuesday, Oct 24, an increase of $0.19, or 17.43% from the previous closing price of $1.09. The stock has traded between $1.18 and $1.32 so far today. Volume today is elevated. So far 320,235 shares have traded compared to average volume of 95,357 shares.

More About Argo Blockchain PLC - ADR

Argo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. It mines using purpose-built computers (or mining machines) to solve cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company was founded in 2017 and is headquartered in London, the United Kingdom. Click Here to get the full Stock Report for Argo Blockchain PLC - ADR stock.