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Uxin Ltd (UXIN) Stock: What Does the Chart Say Wednesday?

Wednesday, February 28, 2024 02:38 PM | InvestorsObserver Analysts

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Uxin Ltd (UXIN) Stock: What Does the Chart Say Wednesday?

Uxin Ltd (UXIN) stock has risen 17.62% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Uxin Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UXIN!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With UXIN Stock Today?

Uxin Ltd (UXIN) stock is trading at $2.47 as of 1:28 PM on Wednesday, Feb 28, a decline of -$0.20, or -7.33% from the previous closing price of $2.66. The stock has traded between $2.39 and $2.68 so far today. Volume today is light. So far 48,262 shares have traded compared to average volume of 66,696 shares. To screen for more stocks like Uxin Ltd click here.

More About Uxin Ltd

Uxin Ltd is an investment holding company. Along with its subsidiaries, the firm operates used car e-commerce platforms through its mobile applications and websites. It facilitates used car transaction services and financing solutions offered by third-party financing partners to buyers for their used car purchases. The company generates revenue through sales of the commission of salvage car sales, interest income of financial lease. Click Here to get the full Stock Report for Uxin Ltd stock.

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