Ikonics Corporation (NASDAQ:IKNX) Fell By -7.1%, And Here’s Why

In its latest trading session, Ikonics Corporation (NASDAQ:IKNX) dropped by -7.1% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 52.6, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.173, an Accumulation/Distribution Index (ADI) of 0.173, an On-Balance Volume (OBV) of 199.003, and a Chaiikin Money Flow (CMF) of 6.05. 34.333

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. 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.