What is the Market's View on Canaan Inc - ADR (CAN) Stock's Price and Volume Trends Tuesday?

The market has been down on Canaan Inc - ADR (CAN) stock recently. CAN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Canaan Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CAN!

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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 CAN Stock Today?

Canaan Inc - ADR (CAN) stock is trading at $3.90 as of 11:16 AM on Tuesday, Jan 25, a loss of -$0.12, or -2.99% from the previous closing price of $4.02. The stock has traded between $3.83 and $3.99 so far today. Volume today is light. So far 994,432 shares have traded compared to average volume of 3,763,365 shares. To see InvestorsObserver's Sentiment Score for Canaan Inc - ADR click here.

More About Canaan Inc - ADR

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The equipment manufactured by Canaan is sold to many countries including China, the United States, Hong Kong, and other foreign countries. It derives a vast majority of the revenue from China. Its product includes Kanzhi Al and Avalon Mining Machine. Click Here to get the full Stock Report for Canaan Inc - ADR stock.