Overall market sentiment has been down on ABVC Biopharma Inc (ABVC) stock lately. ABVC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
ABVC Biopharma Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ABVC!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ABVC Stock Today?
ABVC Biopharma Inc (ABVC) stock is trading at $1.34 as of 9:57 AM on Tuesday, Mar 26, a gain of $0.29, or 27.61% from the previous closing price of $1.05. Volume today is high. So far 13,966,808 shares have traded compared to average volume of 118,309 shares. The stock has traded between $1.30 and $1.45 so far today.
To screen for more stocks like ABVC Biopharma Inc click here.
More About ABVC Biopharma Inc
ABVC BioPharma licenses promising medical research conducted in the Asia-Pacific region and enlists top-ranked principal investigators in the United States to conduct Phase II clinical trials. We specialize in botanically based solutions that deliver high efficacy with low toxicity for improved health outcomes that represent enormous commercial potential.
Click Here to get the full Stock Report for ABVC Biopharma Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
