In its latest trading session, Monro, Inc. (NASDAQ:MNRO) spiked up by 3.5% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 32.942, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.03, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.316, an Accumulation/Distribution Index (ADI) of 1.316, an On-Balance Volume (OBV) of 1018.965, and a Chaiikin Money Flow (CMF) of -74.39. 2.102
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So there you have it – our analysis of Monro, Inc. (NASDAQ:MNRO). 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.
2335 Holt Street, SAINT CROIX IN 47576