Is The9 Limited (NCTY) Stock About to Get Hot Wednesday?

The9 Limited (NCTY) stock is lower by 11.90% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

The9 Limited has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NCTY!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 NCTY Stock Today?

The9 Limited (NCTY) stock is down -6.64% while the S&P 500 is up 0.15% as of 3:04 PM on Wednesday, Dec 29. NCTY is down -$0.50 from the previous closing price of $7.53 on volume of 182,269 shares. Over the past year the S&P 500 has risen 28.33% while NCTY is up 88.47%. NCTY lost -$2.94 per share in the over the last 12 months. To screen for more stocks like The9 Limited click here.

More About The9 Limited

The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong and Macau) and other areas. Click Here to get the full Stock Report for The9 Limited stock.