The market has been high on Futu Holdings Ltd (FUTU) stock recently. FUTU gets a Bullish 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 FUTU Stock Today?
Futu Holdings Ltd (FUTU) stock is trading at $74.60 as of 10:03 AM on Thursday, Jan 14, a gain of $5.53, or 8.01% from the previous closing price of $69.07. The stock has traded between $70.50 and $76.06 so far today. Volume today is low. So far 1,260,752 shares have traded compared to average volume of 4,005,856 shares.
To screen for more stocks like Futu Holdings Ltd click here.
More About Futu Holdings Ltd
Futu Holdings Ltd is an online broker, providing a one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service and news feed of Hong Kong, Mainland China and United States stock markets. It generates its revenue in the form of brokerage commission and handling charge services.
Click Here to get the full Stock Score Report on Futu Holdings Ltd (FUTU) Stock.
