New Age Beverages Corporation (NASDAQ:NBEV) Jumped Up 2.0%, But Why?

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For its latest trading sesion, New Age Beverages Corporation (NASDAQ:NBEV) spiked up by 2.0% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 50.639, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.13, an Accumulation/Distribution Index (ADI) of 0.13, an On-Balance Volume (OBV) of 74.196, and a Chaiikin Money Flow (CMF) of 2.01. 1.222

Now let’s take all these indicators into account. According to Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.