In its most recent trading session, Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH) dropped by -4.5% – 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 52.13, 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 4.909, and a Chaiikin Money Flow (CMF) of 1.57. 1.062
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.