After completing its last trading session, Griffon Corporation (NYSE:GFF) spiked up by 2.2% – here is what that looked like (as of 2019-12-24):
What’s the reason for these moves? To understand this better, We ought 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 -0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.391, an Accumulation/Distribution Index (ADI) of 0.391, an On-Balance Volume (OBV) of 78.923, and a Chaiikin Money Flow (CMF) of -20.67. 1.805
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of Griffon Corporation (NYSE:GFF). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.