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Do Traders Think Scienjoy Holding Corp (SJ) Can Keep Climbing Friday?

Friday, July 01, 2022 11:11 AM | InvestorsObserver Analysts
Do Traders Think Scienjoy Holding Corp (SJ) Can Keep Climbing Friday?

Scienjoy Holding Corp (SJ) stock is higher by 3.67% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Scienjoy Holding Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SJ!

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 SJ Stock Today?

Scienjoy Holding Corp (SJ) stock is trading at $3.11 as of 11:09 AM on Friday, Jul 1, a loss of -$0.16, or -5.05% from the previous closing price of $3.27. The stock has traded between $2.98 and $3.21 so far today. Volume today is less active than usual. So far 83,160 shares have traded compared to average volume of 636,293 shares.

More About Scienjoy Holding Corp

Scienjoy Holding Corp is a show live streaming video entertainment social platform in China. The company operates a mobile live streaming business by which it provides live streaming entertainment from professional broadcasters to the end-users, allowing for operation of live social video communities. It operates three online live streaming brands, with their respective websites and mobile apps, Showself, Lehai, and Haixiu, each using Scienjoy's own mobile applications. Using Scienjoy's mobile applications users can also view photos posted by broadcasters in their personal pages, leave comments, and engage in private chats with broadcasters. The users can also play simple, fun games using virtual currencies within the video rooms while watching live streaming of a broadcaster. Click Here to get the full Stock Report for Scienjoy Holding Corp stock.

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