Ossen Innovation Co., Ltd. (NASDAQ:OSN) Fell By -9.7%, And Here’s Why

In its latest trading session, Ossen Innovation Co., Ltd. (NASDAQ:OSN) dropped by -9.7% – 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 53.36, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.21, an Accumulation/Distribution Index (ADI) of 0.21, an On-Balance Volume (OBV) of 84.421, and a Chaiikin Money Flow (CMF) of 3.332. 18.5

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Ossen Innovation Co., Ltd. (NASDAQ:OSN). 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.