Takung Art Co Ltd (TKAT) stock is up 19.86% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TKAT Stock Today?
Takung Art Co Ltd (TKAT) stock is trading at $1.69 as of 9:51 AM on Thursday, Dec 17, an increase of $0.43, or 34.13% from the previous closing price of $1.26. The stock has traded between $1.54 and $1.89 so far today. Volume today is more active than usual. So far 4,045,043 shares have traded compared to average volume of 119,943 shares.
To see InvestorsObserver's Sentiment Score for Takung Art Co Ltd click here.
More About Takung Art Co Ltd
Takung Art Co Ltd is a United States-based company that operates an online electronic platform for offering and trading artwork. The company through its platform allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. The company conducts its business primarily in Hong Kong and China.
Click Here to get the full Stock Score Report on Takung Art Co Ltd (TKAT) Stock.