The market has been down on China Unicom (Hong Kong) Limited (CHU) stock recently. CHU gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CHU Stock Today?
China Unicom (Hong Kong) Limited (CHU) stock is trading at $5.63 as of 11:47 AM on Friday, Jun 12, a decline of -$0.03, or -0.53% from the previous closing price of $5.66. Volume today is light. So far 305,391 shares have traded compared to average volume of 567,749 shares. The stock has traded between $5.59 and $5.70 so far today.
To see the top 5 stocks in the Telecom Services industry click here.
More About China Unicom (Hong Kong) Limited
China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the rhird- largest wireless operator nationwide. At March 2020, it had 311 million billing wireless customers and 85 million broadband subscribers. China Unicom also has a growing ICT business. It has its own 4G netowrk and will be sharing the radio access function with China Telecom for its 5G network.
