Spring Bank Pharmaceuticals, Inc. (SBPH) Dropped -8.3% – Here’s Why

In its most recent trading session, Spring Bank Pharmaceuticals, Inc. (SBPH) dropped by -8.3% – here is what that looked like (as of 2019-11-08):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 53.933, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.172, an Accumulation/Distribution Index (ADI) of 0.172, an On-Balance Volume (OBV) of 22.156, and a Chaiikin Money Flow (CMF) of 3.36. 2.4

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Spring Bank Pharmaceuticals, Inc. (SBPH). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

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