After completing its last trading session, Equinor ASA (NYSE:EQNR) spiked up by 1.6% – 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, 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 -0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.223, an Accumulation/Distribution Index (ADI) of 0.223, an On-Balance Volume (OBV) of 116.214, and a Chaiikin Money Flow (CMF) of -19.53. 1.263
Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Equinor ASA (NYSE:EQNR). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.