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

Tuesday, August 08, 2023 10:44 AM | InvestorsObserver Analysts

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

Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock is unchanged 0.00% over the past week and gets a Bearish rating from InvestorsObserver 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?

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 EDTK Stock Today?

Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock is trading at $1.33 as of 10:35 AM on Tuesday, Aug 8, a decline of -$0.02, or -1.48% from the previous closing price of $1.35. Volume today is high. So far 115,540 shares have traded compared to average volume of 55,183 shares. The stock has traded between $1.33 and $1.42 so far today. To screen for more stocks like Skillful Craftsman Education Tchnlgy Ltd click here.

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.