The market has been high on The9 Limited (NCTY) stock recently. NCTY gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 NCTY Stock Today?
The9 Limited (NCTY) stock is trading at $2.13 as of 10:56 AM on Wednesday, Oct 28, a decline of -$0.20, or -8.45% from the previous closing price of $2.33. The stock has traded between $2.08 and $2.35 so far today. Volume today is less active than usual. So far 412,972 shares have traded compared to average volume of 812,485 shares.
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More About The9 Limited
The9 Ltd is engaged in developing and operating online games and related services in China. It primarily operate and develops proprietary and licensed online games, proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but they are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in North America, Greater China, and other areas.
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