Overall market sentiment has been down on FLEX LNG Ltd (FLNG) stock lately. FLNG receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
FLEX LNG Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FLNG!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 FLNG Stock Today?
FLEX LNG Ltd (FLNG) stock is trading at $18.46 as of 2:14 PM on Friday, Jan 21, a loss of -$0.75, or -3.9% from the previous closing price of $19.21. The stock has traded between $17.89 and $19.05 so far today. Volume today is more active than usual. So far 805,588 shares have traded compared to average volume of 366,032 shares.
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More About FLEX LNG Ltd
Flex LNG Ltd is LNG shipping company with a fleet of next generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state of the art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil off rates.
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