In its most recent trading session, Phoenix New Media Limited (FENG) spiked up by 5.7% – here is what that looked like (as of 2019-10-29):
What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 29.868, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.083, an Accumulation/Distribution Index (ADI) of 0.083, an On-Balance Volume (OBV) of 5.959, and a Chaiikin Money Flow (CMF) of -2.65. 1.182
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 Phoenix New Media Limited (FENG). 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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