How Will the Market React to FingerMotion Inc (FNGR) Stock Getting a Bearish Rating

The market has been down on FingerMotion Inc (FNGR) stock recently. FNGR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

FingerMotion Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FNGR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 FNGR Stock Today?

FingerMotion Inc (FNGR) stock is trading at $5.94 as of 9:55 AM on Monday, Oct 23, a loss of -$0.38, or -5.97% from the previous closing price of $6.32. The stock has traded between $5.68 and $6.15 so far today. Volume today is light. So far 284,923 shares have traded compared to average volume of 1,438,826 shares.

More About FingerMotion Inc

FingerMotion Inc is engaged in the provision of mobile payment and recharge services in the China market. The company business line includes Mobile Data Service Platform, Mobile Payment and Recharge Platform, and Big Data Insights. It principally earns revenue by providing mobile payment and recharge services to customers of telecommunications companies in China. Click Here to get the full Stock Report for FingerMotion Inc stock.