In its latest trading session, Arbutus Biopharma Corporation (NASDAQ:ABUS) spiked up by 4.8% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? 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 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 -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.063, an Accumulation/Distribution Index (ADI) of 0.063, an On-Balance Volume (OBV) of 7.278, and a Chaiikin Money Flow (CMF) of -2.94. 1.0
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of Arbutus Biopharma Corporation (NASDAQ:ABUS). 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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