The market has been high on CBAK Energy Technology Inc (CBAT) stock recently. CBAT gets a Bullish score 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 CBAT Stock Today?
CBAK Energy Technology Inc (CBAT) stock is trading at $3.84 as of 9:55 AM on Wednesday, Oct 7, a decline of -$0.02, or -0.52% from the previous closing price of $3.86. The stock has traded between $3.83 and $4.08 so far today. Volume today is below average. So far 1,468,515 shares have traded compared to average volume of 16,608,400 shares.
To see the top 5 stocks in the Electrical Equipment & Parts industry click here.
More About CBAK Energy Technology Inc
CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Israel, and Other Countries.
Click Here to get the full Stock Score Report on CBAK Energy Technology Inc (CBAT) Stock.
