Overall market sentiment has been high on NetEase Inc (NTES) stock lately. NTES receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 NTES Stock Today?
NetEase Inc (NTES) stock is trading at $93.20 as of 9:53 AM on Friday, Nov 20, a rise of $3.98, or 4.46% from the previous closing price of $89.22. The stock has traded between $91.02 and $93.65 so far today. Volume today is below average. So far 423,571 shares have traded compared to average volume of 2,457,659 shares.
To see InvestorsObserver's Sentiment Score for NetEase Inc click here.
More About NetEase Inc
NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).
Click Here to get the full Stock Score Report on NetEase Inc (NTES) Stock.
