Is it Time to Dump WiSA Technologies Inc (WISA) Stock After it Is Lower By 10.26% in a Week?

The market has been down on WiSA Technologies Inc (WISA) stock recently. WISA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

WiSA Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WISA!

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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. 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 WISA Stock Today?

WiSA Technologies Inc (WISA) stock is higher by 2.94% while the S&P 500 is down -0.69% as of 3:18 PM on Thursday, Aug 17. WISA is up $0.03 from the previous closing price of $1.02 on volume of 291,887 shares. Over the past year the S&P 500 has gained 1.59% while WISA is down -98.46%. WISA lost -$69.30 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for WiSA Technologies Inc click here.

More About WiSA Technologies Inc

Summit Wireless Technologies Inc is a provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with CE brands and manufacturers, the company delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is the founder of WiSA (the Wireless Speaker and Audio Association) and works in joint partnership. The company is in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. Click Here to get the full Stock Report for WiSA Technologies Inc stock.