After completing its last trading session, Avid Bioservices, Inc. (NASDAQ:CDMOP) spiked up by 0.2% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 24.84, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.277, an Accumulation/Distribution Index (ADI) of 0.277, an On-Balance Volume (OBV) of 53.843, and a Chaiikin Money Flow (CMF) of -26.893. 1.0
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 Avid Bioservices, Inc. (NASDAQ:CDMOP). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
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