In its latest trading session, Mallinckrodt plc (NYSE:MNK) spiked up by 1.4% – here is what that looked like (as of 2019-12-26):
Why are these moves happning?? To have a greater insight of what is happening, it is helpful 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 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.268, an Accumulation/Distribution Index (ADI) of 0.268, an On-Balance Volume (OBV) of 86.101, and a Chaiikin Money Flow (CMF) of 3.84. 1.632
Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for Mallinckrodt plc (NYSE:MNK). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.