In its most recent trading session, First Merchants Corporation (NASDAQ:FRME) spiked up by 0.1% – here is what that looked like (as of 2019-12-26):
What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:
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 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.436, an Accumulation/Distribution Index (ADI) of 0.436, an On-Balance Volume (OBV) of 717.476, and a Chaiikin Money Flow (CMF) of 41.9. 2.391
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So there you have it – our analysis of First Merchants Corporation (NASDAQ:FRME). 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.