Mogu Inc - ADR (MOGU) Stock: What Does the Chart Say?

Tuesday, November 24, 2020 3:35 PM | InvestorsObserver Analysts

The market has been down on Mogu Inc - ADR (MOGU) stock recently. MOGU gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Mogu Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MOGU!

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 MOGU Stock Today?

Mogu Inc - ADR (MOGU) stock is trading at $2.80 as of 3:34 PM on Tuesday, Nov 24, an increase of $0.23, or 8.95% from the previous closing price of $2.57. The stock has traded between $2.49 and $3.20 so far today. Volume today is above average. So far 1,295,504 shares have traded compared to average volume of 214,514 shares.

To screen for more stocks like Mogu Inc - ADR click here.

More About Mogu Inc - ADR

MOGU Inc is an online fashion and lifestyle destination in China. The company's online platform includes Mogu.com, Mogujie.com, and Meilishuo.com. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The company on its platform provides content related to fashion and lifestyle guides in various multi-media formats which include Live Video Broadcasts, Short-form Videos, Photography, and Online Review Community. The company derives revenues from within China.

Click Here to get the full Stock Score Report on Mogu Inc - ADR (MOGU) Stock.

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