After completing its last trading session, Enerplus Corporation (NYSE:ERF) spiked up by 2.9% – 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 important ones are as follows:
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 -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.161, an Accumulation/Distribution Index (ADI) of 0.161, an On-Balance Volume (OBV) of 118.02, and a Chaiikin Money Flow (CMF) of -6.85. 1.0
Now let’s take all these indicators into account. According to Trading View, putting it all together gets 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.