Overall market sentiment has been high on Datasea Inc (DTSS) stock lately. DTSS receives a Bullish 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With DTSS Stock Today?
Datasea Inc (DTSS) stock has fallen -21.43% while the S&P 500 is flat 0% as of 2:32 PM on Friday, Nov 6. DTSS is down -$0.75 from the previous closing price of $3.50 on volume of 349,992 shares. Over the past year the S&P 500 is higher by 14.09% while DTSS has risen 0.73%. DTSS lost -$0.09 per share in the over the last 12 months.
More About Datasea Inc
Datasea Inc is a development stage company engaged in the Internet security products. Its offers service and products such as Internet Security Equipment, New Media Advertising Service, Micro Marketing Service, Internet Service Provider (ISP) Connecting Service, Big Data Processing Service. Business activity of the group is functioned primarily through China.