How Does the Market Feel About China Unicom (Hong Kong) Limited (CHU) Stock Friday?

Friday, November 29, 2019 10:01 AM | InvestorsObserver Analysts

China Unicom (Hong Kong) Limited (CHU) stock has fallen 7.08% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Click Here to get the full Stock Score Report on China Unicom (Hong Kong) Limited (CHU) Stock.

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.

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 CHU Stock Today?

China Unicom (Hong Kong) Limited (CHU) stock is trading at $8.53 as of 9:58 AM on Friday, Nov 29, a decline of -$0.50, or -5.54% from the previous closing price of $9.03. The stock has traded between $8.48 and $8.61 so far today. Volume today is light. So far 83,536 shares have traded compared to average volume of 302,762 shares.

To screen for more stocks like China Unicom (Hong Kong) Limited click here.

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