In its most recent trading session, First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) dropped by -0.9% – here is what that looked like (as of 2019-12-11):
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 0.005, 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 90.56, and a Chaiikin Money Flow (CMF) of 33.555. 1.714
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
So when putting all the technical indicators together, this is what you get. 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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