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The market has been bearish on Cognyte Software Ltd (CGNT) stock recently. CGNT gets a bearish score from InvestorsObserver Stock sentiment indicator.
What is stock sentiment?
In investing, sentiment generally means whether a given security is in favor of investors. It is typically a fairly short-term metric that relies solely on technical analysis. That means it has nothing to do with the health or profitability of the underlying business. Recent trends are a good indicator of current market sentiment. In its most basic form, stocks that are rising are desirable by investors, while stocks that are currently falling must be unattractive.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze recent trends. Typically, an increase in volume indicates that ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiment about a given stock. Since investors are able to bet on the future trends of stocks using options, we consider the relationship between calls and puts when analyzing market sentiment.
What’s happening with CGNT stock today?
Cognyte Software Ltd (CGNT) stock is up 2.53% while the S&P 500 is down 0% as of 13:58 Monday 13 November. CGNT is up $0.11 from its previous close of $4.15 on volume of 117,533 shares. Over the past year, the S&P 500 is up 11.57%, while the CGNT is up 24.93%. CGNT lost $-1.06 per share over the past 12 months. Click here to search for more stocks like Cognyte Software Ltd.
More about Cognyte Software Ltd
Cognyte Software Ltd provides security analytics software that empowers governments and businesses with actionable intelligence. The company’s solutions accelerate security investigations and connect the dots to identify, neutralize and prevent national security, personal security, business continuity and cyber threats. Click here for the full stock report for Cognyte Software Ltd shares.