After completing its last trading session, Gores Holdings III, Inc. (NASDAQ:GRSHW) dropped by -2.4% – here is what that looked like (as of 2019-12-24):
What’s the reason for these moves? To understand this better, it is helpful 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 -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.047, an Accumulation/Distribution Index (ADI) of 0.047, an On-Balance Volume (OBV) of 5.835, and a Chaiikin Money Flow (CMF) of -1.485. 3.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Gores Holdings III, Inc. (NASDAQ:GRSHW). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.