In its latest trading session, FARO Technologies, Inc. (NASDAQ:FARO) spiked up by 3.1% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? To have a greater insight of what is happening, 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 -0.011, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.003, an Accumulation/Distribution Index (ADI) of 1.003, an On-Balance Volume (OBV) of 138.101, and a Chaiikin Money Flow (CMF) of -49.47. 1.696
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of FARO Technologies, Inc. (NASDAQ:FARO). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.