After completing its last trading session, Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) spiked up by 8.7% – 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 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 -0.024, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.28, an Accumulation/Distribution Index (ADI) of 0.28, an On-Balance Volume (OBV) of 40.306, and a Chaiikin Money Flow (CMF) of -14.08. 1.561
Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.