In its latest trading session, Houston Wire & Cable Company (NASDAQ:HWCC) spiked up by 2.0% – 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, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 33.298, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.11, an Accumulation/Distribution Index (ADI) of 0.11, an On-Balance Volume (OBV) of 12.903, and a Chaiikin Money Flow (CMF) of -3.995. 2.167
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.