Zion Oil & Gas, Inc. (ZN) stock is higher by 150.00% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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 ZN Stock Today?
Zion Oil & Gas, Inc. (ZN) stock has gained 101.29% while the S&P 500 has fallen -0.38% as of 12:05 PM on Friday, Jul 31. ZN is higher by $0.28 from the previous closing price of $0.27 on volume of 138,687,388 shares. Over the past year the S&P 500 is higher by 8.51% while ZN is higher by 66.67%. ZN lost -$0.06 per share in the over the last 12 months.
More About Zion Oil & Gas, Inc.
Zion Oil & Gas Inc is the United States-based oil and gas exploration and production company. Zion currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License covering an area of approximately 99,000 acres.