Here’s Why Hennessy Advisors, Inc. (NASDAQ:HNNA) Dropped -2.9%

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For its latest trading sesion, Hennessy Advisors, Inc. (NASDAQ:HNNA) dropped by -2.9% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

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 0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.158, an Accumulation/Distribution Index (ADI) of 0.158, an On-Balance Volume (OBV) of 1501.494, and a Chaiikin Money Flow (CMF) of 11.54. 58.709

So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Hennessy Advisors, Inc. (NASDAQ:HNNA). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.