Shineco Inc (TYHT) stock is higher by 5.19% over the past week and gets a Bearish 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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TYHT Stock Today?
Shineco Inc (TYHT) stock is trading at $2.84 as of 11:53 AM on Friday, Oct 23, a drop of -$0.14, or -4.87% from the previous closing price of $2.98. The stock has traded between $2.80 and $2.99 so far today. Volume today is low. So far 74,004 shares have traded compared to average volume of 103,153 shares.
To see InvestorsObserver's Sentiment Score for Shineco Inc click here.
More About Shineco Inc
Shineco Inc through its subsidiaries produces, distributes, and sells health and well-being focused plant-based products under the Tenethealth and Tenet Bojian brands in China. It operates through three segments: developing, manufacturing, and distributing of specialized fabrics, textile products, and other by-products derived from an indigenous Chinese plant called Apocynum Venetum; Processing and distributing of traditional Chinese medicinal herbal products, as well as other pharmaceutical products; and Processing and distributing of green and organic agricultural produce, as well as growing and cultivating of Chinese Yew trees (Agricultural products). Majority of the revenue for the group is derived through the sale of Agricultural products.
Click Here to get the full Stock Score Report on Shineco Inc (TYHT) Stock.
