The market has been high on Jumia Technologies AG - ADR (JMIA) stock recently. JMIA gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With JMIA Stock Today?
Jumia Technologies AG - ADR (JMIA) stock is up 7.49% while the S&P 500 has fallen -0.48% as of 11:04 AM on Wednesday, Nov 18. JMIA has risen $1.29 from the previous closing price of $17.22 on volume of 8,636,315 shares. Over the past year the S&P 500 is up 15.61% while JMIA has risen 250.57%. JMIA lost -$3.15 per share in the over the last 12 months.
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More About Jumia Technologies AG - ADR
Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of the marketplace which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. The company offers its services to various countries such as Nigeria, Egypt, Morocco, Kenya, Tunisia, Ghana, Senegal, Uganda, Egypt, and Tanzania among others. Its geographical segments are West Africa, North Africa, South Africa, East Africa, Portugal, France, and Germany. The firm generates a majority of its revenue from the West Africa segment.
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