Overall market sentiment has been high on Aluminum Corp. of China Limited ADR Class H (ACH) stock lately. ACH receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 ACH Stock Today?
Aluminum Corp. of China Limited ADR Class H (ACH) stock is trading at $12.05 as of 10:36 AM on Thursday, Apr 8, an increase of $1.13, or 10.35% from the previous closing price of $10.92. The stock has traded between $11.51 and $12.16 so far today. Volume today is below average. So far 91,781 shares have traded compared to average volume of 236,177 shares.
To see the top 5 stocks in the Aluminum industry click here.
More About Aluminum Corp. of China Limited ADR Class H
Aluminum Corporation of China Ltd is an aluminum producer. It has four reporting segments. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.
