After completing its last trading session, The Obesity ETF (SLIM) spiked up by 1.8% – here is what that looked like (as of 2019-10-29):
Why are these moves happning?? To grasp this action 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 0.275, an Accumulation/Distribution Index (ADI) of 0.275, an On-Balance Volume (OBV) of 69.1, and a Chaiikin Money Flow (CMF) of -34.25. 1.0
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets 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.
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