Here’s Why Avid Technology, Inc. (NASDAQ:AVID) Jumped Up 0.1%

      Comments Off on Here’s Why Avid Technology, Inc. (NASDAQ:AVID) Jumped Up 0.1%

In its latest trading session, Avid Technology, Inc. (NASDAQ:AVID) spiked up by 0.1% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.264, an Accumulation/Distribution Index (ADI) of 0.264, an On-Balance Volume (OBV) of 212.403, and a Chaiikin Money Flow (CMF) of -7.77. 2.333

Now let’s plug these indicators in. Consulting Trading View, this is what it all means:

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.