For its latest trading sesion, Mesa Royalty Trust (MTR) spiked up by 0.8% – here is what that looked like (as of 2019-11-08):
What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 34.555, 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 0.352, an Accumulation/Distribution Index (ADI) of 0.352, an On-Balance Volume (OBV) of 19.58, and a Chaiikin Money Flow (CMF) of -7.8. 1.516
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
So there you have it – our analysis of Mesa Royalty Trust (MTR). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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