Unico American Corporation (NASDAQ:UNAM) Jumped Up 5.7%, But Why?

After completing its last trading session, Unico American Corporation (NASDAQ:UNAM) spiked up by 5.7% – here is what that looked like (as of 2019-12-24):

What’s the reason for these moves? 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 48.209, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.009, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.048, an Accumulation/Distribution Index (ADI) of 0.048, an On-Balance Volume (OBV) of 16.473, and a Chaiikin Money Flow (CMF) of 6.68. 2.333

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

That is what an analysis of technical indicators seems to indicate for Unico American Corporation (NASDAQ:UNAM). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.