In its most recent trading session, Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) dropped by -5.6% – 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. The most interesting and telling are these ones:
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 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.198, an Accumulation/Distribution Index (ADI) of 0.198, an On-Balance Volume (OBV) of 525.357, and a Chaiikin Money Flow (CMF) of 4.99. 44.796
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets 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.