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Where Will Descartes Systems Group Inc (DSGX) Stock Go Next After It Is Down 3.53% in a Week?

Tuesday, September 20, 2022 02:22 PM | InvestorsObserver Analysts
Where Will Descartes Systems Group Inc (DSGX) Stock Go Next After It Is Down 3.53% in a Week?

Overall market sentiment has been down on Descartes Systems Group Inc (DSGX) stock lately. DSGX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Descartes Systems Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DSGX!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 DSGX Stock Today?

Descartes Systems Group Inc (DSGX) stock is trading at $65.86 as of 2:14 PM on Tuesday, Sep 20, a decline of -$1.28, or -1.91% from the previous closing price of $67.14. The stock has traded between $65.49 and $66.70 so far today. Volume today is less active than usual. So far 70,598 shares have traded compared to average volume of 120,949 shares.

More About Descartes Systems Group Inc

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model. Click Here to get the full Stock Report for Descartes Systems Group Inc stock.

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