MOGU Inc. (NYSE:MOGU) Went Up 5.1%, And Here’s Why

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In its most recent trading session, MOGU Inc. (NYSE:MOGU) spiked up by 5.1% – 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 interesting and telling are these ones:

A Money Flow Index (MFI) of 48.26, 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 0.096, an Accumulation/Distribution Index (ADI) of 0.096, an On-Balance Volume (OBV) of 11.608, and a Chaiikin Money Flow (CMF) of 2.35. 1.9

Now let’s plug these indicators in. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for MOGU Inc. (NYSE:MOGU). 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.