MDC Partners Inc. (NASDAQ:MDCA) Jumped Up 1.6%, But Why?

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In its most recent trading session, MDC Partners Inc. (NASDAQ:MDCA) spiked up by 1.6% – 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 interesting and telling are these ones:

A Money Flow Index (MFI) of 24.143, 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 0.073, an Accumulation/Distribution Index (ADI) of 0.073, an On-Balance Volume (OBV) of 5.437, and a Chaiikin Money Flow (CMF) of -2.53. 1.0

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for MDC Partners Inc. (NASDAQ:MDCA). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.