Should You Buy Sino-Global Shipping America, Ltd. (SINO) Stock After it Has Gained 3.35% in a Week?

Tuesday, October 05, 2021 11:17 AM | InvestorsObserver Analysts

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Should You Buy Sino-Global Shipping America, Ltd. (SINO) Stock After it Has Gained 3.35% in a Week?

Sino-Global Shipping America, Ltd. (SINO) stock is higher by 3.35% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sino-Global Shipping America, Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SINO!

See Full SINO Report

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 SINO Stock Today?

Sino-Global Shipping America, Ltd. (SINO) stock is trading at $2.47 as of 11:11 AM on Tuesday, Oct 5, a gain of $0.06, or 2.54% from the previous closing price of $2.41. The stock has traded between $2.43 and $2.56 so far today. Volume today is low. So far 179,745 shares have traded compared to average volume of 563,660 shares.

More About Sino-Global Shipping America, Ltd.

Sino-Global Shipping America Ltd is a shipping agency and logistic service provider. Business activity of the firm is operated functioned through Inland Transportation Management Services, Freight logistics services, Container trucking services and ShippingAgency Services segments. Geographically, it conducts its business primarily through its wholly-owned subsidiaries in the regions of in China, Hong Kong, Australia, Canada and New York. Click Here to get the full Stock Report for Sino-Global Shipping America, Ltd. stock.