Here’s Why Energous Corporation (NASDAQ:WATT) Dropped -3.0%

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In its latest trading session, Energous Corporation (NASDAQ:WATT) dropped by -3.0% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? 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 22.683, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.121, an Accumulation/Distribution Index (ADI) of 0.121, an On-Balance Volume (OBV) of 20.118, and a Chaiikin Money Flow (CMF) of -1.98. 9.0

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Energous Corporation (NASDAQ:WATT). 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.