How Will the Market React to Shineco Inc (SISI) Stock Getting a Bearish Rating

Overall market sentiment has been down on Shineco Inc (SISI) stock lately. SISI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

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

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SISI Stock Today?

Shineco Inc (SISI) stock is unmoved 0.18% while the S&P 500 is down -0.12% as of 12:04 PM on Thursday, Nov 16. SISI is unchanged $0.00 from the previous closing price of $0.11 on volume of 215,511 shares. Over the past year the S&P 500 has risen 12.67% while SISI is down -87.50%. SISI lost -$0.54 per share in the over the last 12 months. To screen for more stocks like Shineco Inc click here.

More About Shineco Inc

Shineco Inc through its subsidiaries produces, distributes, and sells health and well-being focused plant-based products under the Tenethealth and Tenet Bojian brands in China. It operates through two segments: developing, manufacturing, and distributing of specialized fabrics, textile products, and other by-products derived from an indigenous Chinese plant called Apocynum Venetum; and Processing and distributing of green and organic agricultural produce, as well as growing and cultivating of Chinese Yew trees (Agricultural products). Majority of the revenue for the group is derived through the sale of Agricultural products. Click Here to get the full Stock Report for Shineco Inc stock.