Is TuanChe Ltd (TC) Stock About to Get Hot Monday?

TuanChe Ltd (TC) stock has risen 48.65% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

TuanChe Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TC!

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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 TC Stock Today?

TuanChe Ltd (TC) stock is down -16.67% while the S&P 500 is up 1.35% as of 12:47 PM on Monday, Dec 6. TC is lower by -$0.55 from the previous closing price of $3.30 on volume of 378,698 shares. Over the past year the S&P 500 has risen 24.59% while TC is lower by -22.75%. TC lost -$0.73 per share in the over the last 12 months.

More About TuanChe Ltd

TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, and virtual dealership, online marketing services and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers, and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market. Click Here to get the full Stock Report for TuanChe Ltd stock.