Using Trading Central's Market Buzz for understanding premarket moves, Renault(RNO) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours,with 67 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average.
Into Most Discussed Topics widget, we find "Rating raised" as Goldman Sachs has upgraded the stock from Neutral to Buy and increased the price target to 70.00 from the previous 51.00. The investment firm anticipates that Renault will benefit from a strong lineup of new products expected to be released in the near future.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 65 (positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "negative" to "positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low". The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Regarding technical analysis, from a daily point of view, the share has confirmed, on rising volumes, a bullish continuation pattern known as a "symmetrical triangle". Furthermore, the 50-day moving average is also in support. Trading Central's Technical Views sees a target at 62.7.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzzshows investors which stocks and topics are "buzzing", delivering a smarter news experience.
