How Will the Market React to Skillful Craftsman Education Tchnlgy Ltd (EDTK) Stock Getting a Bearish Rating

Thursday, June 22, 2023 10:13 AM | InvestorsObserver Analysts

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How Will the Market React to Skillful Craftsman Education Tchnlgy Ltd (EDTK) Stock Getting a Bearish Rating

The market has been down on Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock recently. EDTK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Skillful Craftsman Education Tchnlgy Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EDTK!

See Full EDTK Report

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 EDTK Stock Today?

Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock is trading at $1.45 as of 9:42 AM on Thursday, Jun 22, an increase of $0.12, or 9.02% from the previous closing price of $1.33. The stock has traded between $1.42 and $1.45 so far today. Volume today is light. So far 6,575 shares have traded compared to average volume of 26,864 shares.

More About Skillful Craftsman Education Tchnlgy Ltd

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of the revenues is generated from the People's Republic of China. Click Here to get the full Stock Report for Skillful Craftsman Education Tchnlgy Ltd stock.