Resonant Inc. (NASDAQ:RESN) Spiked Up 1.9% – Here’s Why

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In its latest trading session, Resonant Inc. (NASDAQ:RESN) spiked up by 1.9% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 49.393, 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 0.114, an Accumulation/Distribution Index (ADI) of 0.114, an On-Balance Volume (OBV) of 16.927, and a Chaiikin Money Flow (CMF) of 2.58. 3.886

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

So there you have it – our analysis of Resonant Inc. (NASDAQ:RESN). 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.