After completing its last trading session, Sutro Biopharma, Inc. (NASDAQ:STRO) spiked up by 2.8% – here is what that looked like (as of 2019-12-02):
Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.012, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.386, an Accumulation/Distribution Index (ADI) of 0.386, an On-Balance Volume (OBV) of 37.567, and a Chaiikin Money Flow (CMF) of -10.78. 1.091
So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.