For its latest trading sesion, BJ's Restaurants, Inc. (NASDAQ:BJRI) dropped by -2.6% – here is what that looked like (as of 2019-12-26):
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 51.104, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.02, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.825, an Accumulation/Distribution Index (ADI) of 0.825, an On-Balance Volume (OBV) of 253.402, and a Chaiikin Money Flow (CMF) of 37.51. 29.0
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets the following:
So there you have it – our analysis of BJ's Restaurants, Inc. (NASDAQ:BJRI). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.