Mongodb Inc (MDB) stock has risen 7.94% over the past week and gets a Bullish rating from InvestorsObserver 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.
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 MDB Stock Today?
Mongodb Inc (MDB) stock is trading at $227.38 as of 11:02 AM on Monday, Apr 3, a decline of -$5.74, or -2.46% from the previous closing price of $233.12. The stock has traded between $227.00 and $232.15 so far today. Volume today is less active than usual. So far 655,560 shares have traded compared to average volume of 1,807,625 shares.
More About Mongodb Inc
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB’s database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
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