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How Will the Market React to Cenntro Electric Group Ltd (CENN) Stock Getting a Bullish Rating

Thursday, March 30, 2023 03:25 PM | InvestorsObserver Analysts

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How Will the Market React to Cenntro Electric Group Ltd (CENN) Stock Getting a Bullish Rating

Cenntro Electric Group Ltd (CENN) stock is higher by 14.63% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Cenntro Electric Group Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CENN!

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 CENN Stock Today?

Cenntro Electric Group Ltd (CENN) stock is trading at $0.47 as of 3:24 PM on Thursday, Mar 30, an increase of $0.05, or 13.15% from the previous closing price of $0.42. The stock has traded between $0.43 and $0.50 so far today. Volume today is more active than usual. So far 4,241,158 shares have traded compared to average volume of 2,239,581 shares. To screen for more stocks like Cenntro Electric Group Ltd click here.

More About Cenntro Electric Group Ltd

Cenntro Electric Group Ltd is a commercial electric vehicle technology company with advanced, market-validated electric commercial vehicles. It plans to lead transformation in the auto industry through scalable, decentralized production and fully digitalized autonomous driving solutions. Its vehicles include Metro, Logistar 400, Logistar 200, Neibor 200, and ORV. The company's geographical segments include Europe, America, Asia, and Oceania. Click Here to get the full Stock Report for Cenntro Electric Group Ltd stock.

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