Famous Dave's of America, Inc. (NASDAQ:DAVE) Fell By -4.9%, But Why?

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In its most recent trading session, Famous Dave's of America, Inc. (NASDAQ:DAVE) dropped by -4.9% – here is what that looked like (as of 2019-12-26):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 50.956, 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 0.133, an Accumulation/Distribution Index (ADI) of 0.133, an On-Balance Volume (OBV) of 32.93, and a Chaiikin Money Flow (CMF) of 4.3. 7.0

Now let’s plug these indicators in. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Famous Dave's of America, Inc. (NASDAQ:DAVE). 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.