Here’s Why Electrameccanica Vehicles Corp. Ltd. (SOLO) Dropped -2.8%

For its latest trading sesion, Electrameccanica Vehicles Corp. Ltd. (SOLO) dropped by -2.8% – here is what that looked like (as of 2019-11-08):

What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 51.849, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.096, an Accumulation/Distribution Index (ADI) of 0.096, an On-Balance Volume (OBV) of 3.84, and a Chaiikin Money Flow (CMF) of 2.11. 0.43

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 Electrameccanica Vehicles Corp. Ltd. (SOLO). 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