Flexion Therapeutics, Inc. (NASDAQ:FLXN) Dropped -4.2% – Here’s Why

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In its most recent trading session, Flexion Therapeutics, Inc. (NASDAQ:FLXN) dropped by -4.2% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful 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 0.012, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.401, an Accumulation/Distribution Index (ADI) of 0.401, an On-Balance Volume (OBV) of 768.594, and a Chaiikin Money Flow (CMF) of 20.53. 2.545

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