The market has been down on Dada Nexus Ltd - ADR (DADA) stock recently. DADA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Dada Nexus Ltd - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DADA!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 DADA Stock Today?
Dada Nexus Ltd - ADR (DADA) stock is trading at $4.97 as of 3:26 PM on Monday, Oct 3, a rise of $0.24, or 4.97% from the previous closing price of $4.73. The stock has traded between $4.67 and $4.97 so far today. Volume today is low. So far 443,358 shares have traded compared to average volume of 851,601 shares.
To see InvestorsObserver's Sentiment Score for Dada Nexus Ltd - ADR click here.
More About Dada Nexus Ltd - ADR
Dada Nexus Ltd is a platform of local on-demand retail and delivery in China. It operates JD-Daojia (JDDJ), China's local on-demand retail platform, and Dada Now, a local on-demand delivery platform in China. The company generates revenue from intra-city delivery services to JDDJ retailer customers, commission fees charged to retailers for using the platform, online marketing services, and packaging services.
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