The market is down on Amazon.com, Inc. (AMZN) recently. AMZN scores down Investor Observer Stock sentiment indicator.
What is Stock Sentiment?
Sentiment is a fully technical, very short-term indicator. There is no information on the health of the profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock or the company, such as a earnings release or other event, could move the stock against the recent trend.
Price changes are usually the best sentiment indicator for a particular security. Basically, the trend of an action indicates whether the current sentiment of the market is bullish or bearish. Investors should be optimistic if a stock is trending higher and be bearish if a stock is trending down.
Investor ObserverThe ” sentiment indicator takes into account both price and volume changes. An increase in volume generally means that a current trend is strengthening, while a decrease in volume tends to signal a reversal of the current trend.
Our system also uses the options market to receive additional signals about current feelings. We take into account the ratio of calls and equity bets because the options allow an investor to bet on future price developments.
What’s going on with the AMZN stock today?
Amazon.com, Inc. (AMZN) stock was down -0.58% while the S&P 500 rose 0.14% at 2:18 p.m. on Thursday, April 2. AMZN is down – $ 11.01 compared to the previous closing price of $ 1,907.70 the volume of 2,507,027 shares. Over the past year, the S&P 500 has decreased by -13.72% while the AMZN has increased by 4.56%. AMZN has made $ 22.99 per share in the past 12 months, which gives it a price-to-earnings ratio of 82.36.
To have Investor Observer‘s Sentiment Score for Amazon.com, Inc. click here.