Euroseas Ltd. (NASDAQ:ESEA) Went Up 4.4%, And Here’s Why

      Comments Off on Euroseas Ltd. (NASDAQ:ESEA) Went Up 4.4%, And Here’s Why

In its most recent trading session, Euroseas Ltd. (NASDAQ:ESEA) spiked up by 4.4% – 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, 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 -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.084, an Accumulation/Distribution Index (ADI) of 0.084, an On-Balance Volume (OBV) of 174.199, and a Chaiikin Money Flow (CMF) of -3.582. 12.929

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

So there you have it – our analysis of Euroseas Ltd. (NASDAQ:ESEA). 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.