In its most recent trading session, National Steel Company (NYSE:SID) spiked up by 5.4% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? To grasp this action 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 -0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.081, an Accumulation/Distribution Index (ADI) of 0.081, an On-Balance Volume (OBV) of 28.637, and a Chaiikin Money Flow (CMF) of -3.35. 4.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for National Steel Company (NYSE:SID). 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.