In its most recent trading session, EuroDry Ltd. (NASDAQ:EDRY) spiked up by 0.3% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? 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 50.389, 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 0.181, an Accumulation/Distribution Index (ADI) of 0.181, an On-Balance Volume (OBV) of 15.92, and a Chaiikin Money Flow (CMF) of 7.95. 1.0
Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for EuroDry Ltd. (NASDAQ:EDRY). 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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