After completing its last trading session, Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) dropped by -4.1% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 51.67, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.055, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 2.642, an Accumulation/Distribution Index (ADI) of 2.642, an On-Balance Volume (OBV) of 735.441, and a Chaiikin Money Flow (CMF) of 90.68. 3.403
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. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.