Overall market sentiment has been high on China Unicom (Hong Kong) Limited (CHU) stock lately. CHU receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 CHU Stock Today?
China Unicom (Hong Kong) Limited (CHU) stock is trading at $7.35 as of 10:56 AM on Thursday, Aug 13, an increase of $1.15, or 18.47% from the previous closing price of $6.20. The stock has traded between $7.26 and $7.69 so far today. Volume today is elevated. So far 1,042,384 shares have traded compared to average volume of 498,858 shares.
To see InvestorsObserver's Sentiment Score for China Unicom (Hong Kong) Limited click here.
More About China Unicom (Hong Kong) Limited
China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the rhird- largest wireless operator nationwide. At March 2020, it had 311 million billing wireless customers and 85 million broadband subscribers. China Unicom also has a growing ICT business. It has its own 4G netowrk and will be sharing the radio access function with China Telecom for its 5G network.
