Wrap Technologies, Inc. (NASDAQ:WRTC) Fell By -1.6%, But Why?

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After completing its last trading session, Wrap Technologies, Inc. (NASDAQ:WRTC) dropped by -1.6% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To have a greater insight of what is happening, 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 0.203, an Accumulation/Distribution Index (ADI) of 0.203, an On-Balance Volume (OBV) of 58.716, and a Chaiikin Money Flow (CMF) of 6.36. 3.286

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

So there you have it – our analysis of Wrap Technologies, Inc. (NASDAQ:WRTC). 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.