The market has been down on China Telecom Corporation Limited (CHA) stock recently. CHA gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
China Telecom Corporation Limited has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHA!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CHA Stock Today?
China Telecom Corporation Limited (CHA) stock is trading at $29.80 as of 2:34 PM on Tuesday, Jun 23, a rise of $0.52, or 1.79% from the previous closing price of $29.27. The stock has traded between $29.59 and $29.85 so far today. Volume today is light. So far 68,052 shares have traded compared to average volume of 128,620 shares.
To see InvestorsObserver's Sentiment Score for China Telecom Corporation Limited click here.
More About China Telecom Corporation Limited
China Telecom is the largest fixed-line operator in China, covering 21 southern provinces. It has 110 million fixed-line subscribers, 152 million broadband customers, and 337 million wireless subscribers, having overtaken China Unicom to become the second- largest wireless operator in China, behind China Mobile. The firm is increasing its cross-selling of products and adding additional services, such as cloud computing.
