Is RLX Technology Inc – ADR (RLX) a Stock to Watch After Gaining 25.76{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} This Week?
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The market has been high on RLX Technology Inc – ADR (RLX) stock recently. RLX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 RLX Stock Today?
RLX Technology Inc – ADR (RLX) stock is lower by -0.52{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} while the S&P 500 is up 0.1{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} as of 9:45 AM on Tuesday, Apr 4. RLX is down -$0.01 from the previous closing price of $2.90 on volume of 123,468 shares. Over the past year the S&P 500 is down -9.90{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} while RLX is up 47.69{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896}. RLX earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.23.
To see InvestorsObserver’s Sentiment Score for RLX Technology Inc – ADR click here.
More About RLX Technology Inc – ADR
RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and “Branded store plus” retail model tailored to China’s e-vapor market.
Click Here to get the full Stock Report for RLX Technology Inc – ADR stock.
