Aluminum Corp. of China Limited ADR Class H (ACH) stock is lower by 1.66% over the past week and gets a Bullish 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.
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 ACH Stock Today?
Aluminum Corp. of China Limited ADR Class H (ACH) stock is trading at $8.90 as of 2:14 PM on Monday, Jan 11, a loss of -$0.83, or -8.53% from the previous closing price of $9.73. The stock has traded between $8.87 and $8.97 so far today. Volume today is light. So far 69,605 shares have traded compared to average volume of 99,528 shares.
More About Aluminum Corp. of China Limited ADR Class H
Aluminum Corporation of China Ltd is an aluminum producer. It has four reporting segments. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.
