After completing its last trading session, Eros International PLC (NYSE:EROS) spiked up by 13.2% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful 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 -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.133, an Accumulation/Distribution Index (ADI) of 0.133, an On-Balance Volume (OBV) of 15.25, and a Chaiikin Money Flow (CMF) of -3.48. 1.0
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So there you have it – our analysis of Eros International PLC (NYSE:EROS). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.