After completing its last trading session, Alcon Inc. (NYSE:ALC) spiked up by 1.8% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 33.043, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.012, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.417, an Accumulation/Distribution Index (ADI) of 0.417, an On-Balance Volume (OBV) of 479.519, and a Chaiikin Money Flow (CMF) of -56.37. 1.533
Now let’s plug these indicators in. According to Trading View, this is what it all means:
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.