After completing its last trading session, Sol-Gel Technologies Ltd. (NASDAQ:SLGL) spiked up by 3.7% – here is what that looked like (as of 2019-12-24):
What is the cause of all this?? 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 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 -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.238, an Accumulation/Distribution Index (ADI) of 0.238, an On-Balance Volume (OBV) of 70.427, and a Chaiikin Money Flow (CMF) of -9.39. 2.034
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
So there you have it – our analysis of Sol-Gel Technologies Ltd. (NASDAQ:SLGL). 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.