The market has been down on Square Inc (SQ) stock recently. SQ gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 SQ Stock Today?
Square Inc (SQ) stock is trading at $219.99 as of 10:32 AM on Friday, Feb 26, a decline of -$7.12, or -3.14% from the previous closing price of $227.11. The stock has traded between $217.40 and $232.78 so far today. Volume today is less active than usual. So far 4,005,497 shares have traded compared to average volume of 9,939,539 shares.
To see InvestorsObserver's Sentiment Score for Square Inc click here.
More About Square Inc
Founded in 2009, Square provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network.
Click Here to get the full Stock Score Report on Square Inc (SQ) Stock.
