How Will the Market React to TuanChe Ltd (TC) Stock Getting a Bullish Rating

TuanChe Ltd (TC) stock is up 0.52% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

TuanChe Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TC!

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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. 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 TC Stock Today?

TuanChe Ltd (TC) stock is lower by -11.85% while the S&P 500 has gained 0.53% as of 1:35 PM on Friday, Feb 9. TC has fallen -$0.26 from the previous closing price of $2.19 on volume of 39,766 shares. Over the past year the S&P 500 is up 22.02% while TC has fallen -82.98%. TC lost -$205.65 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for TuanChe Ltd click here.

More About TuanChe Ltd

TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, and virtual dealership, online marketing services and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers, and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market. Click Here to get the full Stock Report for TuanChe Ltd stock.