In its most recent trading session, Hennessy Advisors, Inc. (NASDAQ:HNNA) spiked up by 0.9% – here is what that looked like (as of 2019-12-24):
What is the cause of all this?? To grasp this action better, 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 -0.016, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.192, an Accumulation/Distribution Index (ADI) of 0.192, an On-Balance Volume (OBV) of 30.397, and a Chaiikin Money Flow (CMF) of -10.74. 1.813
Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:
So there you have it – our analysis of 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.