BioSpecifics Technologies Corp (NASDAQ:BSTC) Fell By -0.7%, But Why?

In its latest trading session, BioSpecifics Technologies Corp (NASDAQ:BSTC) dropped by -0.7% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

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 -0.009, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.088, an Accumulation/Distribution Index (ADI) of 1.088, an On-Balance Volume (OBV) of 237.209, and a Chaiikin Money Flow (CMF) of -57.0. 1.302

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

That is what an analysis of technical indicators seems to indicate for BioSpecifics Technologies Corp (NASDAQ:BSTC). 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.