Here’s Why HighPoint Resources Corporation (NYSE:HPR) Jumped Up 2.4%

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For its latest trading sesion, HighPoint Resources Corporation (NYSE:HPR) spiked up by 2.4% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.065, an Accumulation/Distribution Index (ADI) of 0.065, an On-Balance Volume (OBV) of 9.105, and a Chaiikin Money Flow (CMF) of -1.69. 2.455

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

So when putting all the technical indicators together, this is what you get. 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.