Do Traders Think Qudian Inc (QD) Can Keep Climbing Thursday?

Qudian Inc (QD) stock has gained 7.84% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Qudian Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on QD!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 QD Stock Today?

Qudian Inc (QD) stock is trading at $2.20 as of 9:45 AM on Thursday, Feb 1, an increase of $0.13, or 6.02% from the previous closing price of $2.08. The stock has traded between $2.04 and $2.22 so far today. Volume today is below average. So far 240,749 shares have traded compared to average volume of 921,241 shares. To see InvestorsObserver's Sentiment Score for Qudian Inc click here.

More About Qudian Inc

Qudian Inc is a provider of online credit products using data-enabled technologies, such as artificial intelligence and machine learning in China. The company has two reportable segments namely Installment credit services and E-commerce sales services. It generates maximum revenue from the Installment credit services segment. The company derives the majority of its revenue from the China region. It offers cash credit products, which provide funds in digital form, and merchandise credit products. Click Here to get the full Stock Report for Qudian Inc stock.