The market has been high on Medical Marijuana Inc (MJNA) stock recently. MJNA gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
Medical Marijuana Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MJNA!
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 MJNA Stock Today?
Medical Marijuana Inc (MJNA) stock is flat -1.33% while the S&P 500 is up 0.49% as of 1:34 PM on Wednesday, May 27. MJNA is unmoved $0.00 from the previous closing price of $0.03 on volume of 69,801,115 shares. Over the past year the S&P 500 has risen 7.28% while MJNA is lower by -50.00%. MJNA lost -$0.01 per share in the over the last 12 months.
More About Medical Marijuana Inc
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.