EV Watch: Li Auto Inc (LI) Is Bullish And Falling Thursday

EV stock LI is lower by 10.61% Thursday. Li Auto Inc ( LI ) stock has fallen 8.56% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Li Auto Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LI! See Full LI Report 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. 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 LI Stock Today? Li Auto Inc (LI) stock is trading at $21.37 as of 10:43 AM on Thursday, Oct 6, a decline of -$2.53, or -10.61% from the previous closing price of $23.90. The stock has traded between $20.93 and $24.02 so far today. Volume today is low. So far 4,367,639 shares have traded compared to average volume of 8,901,713 shares. To screen for more stocks like Li Auto Inc click here. More About Li Auto Inc Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 90,000 EVs in 2021, accounting for about 2.7% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base. Click Here to get the full Stock Report for Li Auto Inc stock.