Where Will Ncino Inc (NCNO) Stock Go Next After It Is Down 10.48% in a Week?

Ncino Inc (NCNO) stock has fallen 10.48% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Ncino Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NCNO!

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What is Stock Sentiment?

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. 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 NCNO Stock Today?

Ncino Inc (NCNO) stock is trading at $60.98 as of 1:16 PM on Wednesday, Nov 24, an increase of $0.69, or 1.14% from the previous closing price of $60.29. Volume today is 576,941 compared to average volume of 486,915. The stock has traded between $59.20 and $61.45 so far today.

More About Ncino Inc

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States. Click Here to get the full Stock Report for Ncino Inc stock.