Here’s Why Energy Recovery, Inc. (ERII) Dropped -2.4%

In its latest trading session, Energy Recovery, Inc. (ERII) dropped by -2.4% – here is what that looked like (as of 2019-10-29):

What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 50.454, 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 0.204, an Accumulation/Distribution Index (ADI) of 0.204, an On-Balance Volume (OBV) of 304.168, and a Chaiikin Money Flow (CMF) of 9.85. 30.333

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of Energy Recovery, Inc. (ERII). 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.

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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Becky Steen

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