Lianluo Smart Ltd (LLIT) stock has gained 11.11% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 LLIT Stock Today?
Lianluo Smart Ltd (LLIT) stock has gained 8.63% while the S&P 500 is down -1.63% as of 2:58 PM on Tuesday, Oct 20. LLIT has gained $0.04 from the previous closing price of $0.46 on volume of 3,295,896 shares. Over the past year the S&P 500 has gained 13.98% while LLIT is down -25.37%. LLIT lost -$0.25 per share in the over the last 12 months.
To see the top 5 stocks in the Medical Devices industry click here.
More About Lianluo Smart Ltd
Lianluo Smart Ltd design, develop and market medical products and medical components. The company focuses on the business sectors of; Medical Equipment and the provision of Obstructive Sleep Apnea Syndrome (OSAS) diagnostic services. Its products include wearable sleep respiratory devices, medical devices for cardiopulmonary resuscitation, DHR998 Plus, and others. The company sells its products to distributors, hospitals and physical examination centers, and others. All of its revenue is generated from China.
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