Kandi Technologies Group Inc (KNDI) stock has risen 5.38% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
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 KNDI Stock Today?
Kandi Technologies Group Inc (KNDI) stock is trading at $6.27 as of 11:29 AM on Monday, Sep 28, an increase of $0.42, or 7.18% from the previous closing price of $5.85. The stock has traded between $6.02 and $6.34 so far today. Volume today is light. So far 1,085,976 shares have traded compared to average volume of 2,796,293 shares.
To see the top 5 stocks in the Auto Parts industry click here.
More About Kandi Technologies Group Inc
Kandi Technologies Group Inc is engaged in the development, production, and distribution of the electric vehicle (EV) products, EV parts, and off-road vehicle products primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems for vehicles. It generates revenue through EV parts and off-road vehicles. Other than its business in China, the group has minimal operations and revenues coming in from overseas too.
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