Applied Genetic Technologies Corporation (NASDAQ:AGTC) Jumped Up 24.0%, But Why?

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In its most recent trading session, Applied Genetic Technologies Corporation (NASDAQ:AGTC) spiked up by 24.0% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To grasp this action better, 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 -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.163, an Accumulation/Distribution Index (ADI) of 0.163, an On-Balance Volume (OBV) of 9.003, and a Chaiikin Money Flow (CMF) of -3.92. 1.046

So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Applied Genetic Technologies Corporation (NASDAQ:AGTC). 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.