Overall market sentiment has been neutral on TuanChe Ltd (TC) stock lately. TC receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TC Stock Today?
TuanChe Ltd (TC) stock has risen 26.58% while the S&P 500 is down -1.86% as of 2:33 PM on Tuesday, Oct 27. TC has risen $0.93 from the previous closing price of $3.48 on volume of 1,068,388 shares. Over the past year the S&P 500 is up 11.90% while TC is down -57.43%. TC lost -$6.74 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for TuanChe Ltd click here.
More About TuanChe Ltd
TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in two business divisions including Offline Marketing Services and Virtual dealership, online marketing services and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market.
Click Here to get the full Stock Score Report on TuanChe Ltd (TC) Stock.
