In its latest trading session, Ardmore Shipping Corporation (ASC) spiked up by 1.4% – here is what that looked like (as of 2019-10-29):

What’s the reason for these moves? To understand this better, We ought 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 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.184, an Accumulation/Distribution Index (ADI) of 0.184, an On-Balance Volume (OBV) of 221.9, and a Chaiikin Money Flow (CMF) of 8.7. 1.0

Now let’s plug these indicators in. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Ardmore Shipping Corporation (ASC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

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Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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