Nine Energy Service, Inc. (NYSE:NINE) Went Up 7.6%, And Here’s Why

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For its latest trading sesion, Nine Energy Service, Inc. (NYSE:NINE) spiked up by 7.6% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To understand this better, 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 -0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.307, an Accumulation/Distribution Index (ADI) of 0.307, an On-Balance Volume (OBV) of 49.287, and a Chaiikin Money Flow (CMF) of -7.66. 1.333

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Nine Energy Service, Inc. (NYSE:NINE). 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.