Here’s Why Socket Mobile, Inc. (NASDAQ:SCKT) Dropped -4.5%

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In its latest trading session, Socket Mobile, Inc. (NASDAQ:SCKT) dropped by -4.5% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 31.206, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.053, an Accumulation/Distribution Index (ADI) of 0.053, an On-Balance Volume (OBV) of 78.107, and a Chaiikin Money Flow (CMF) of -1.76. 45.444

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. That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.