In its most recent trading session, Codexis, Inc. (NASDAQ:CDXS) spiked up by 0.5% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? 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 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.275, an Accumulation/Distribution Index (ADI) of 0.275, an On-Balance Volume (OBV) of 70.446, and a Chaiikin Money Flow (CMF) of -16.42. 1.449
Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Codexis, Inc. (NASDAQ:CDXS). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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