8i Enterprises Acquisition Corp ($JFK): The Good, The Bad, The Ugly (2019-11-19)

REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how JFK has been trading over the last 2 weeks and the past day especially. On its latest session, 8i Enterprises Acquisition Corp ($JFK) opened at 10.0, reaching a high of 10.0 and a low of 9.96 before closing at a price of 9.96. There was a total volume of 401.0.

VOLUME INDICATORS FOR 8I ENTERPRISES ACQUISITION CORP ($JFK): We saw an accumulation-distribution index of 199.63, an on-balance volume of -9.98, chaikin money flow of 9.50953 and a force index of -0.0021. There was an ease of movement rating of -1e-05, a volume-price trend of 0.02158 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR 8I ENTERPRISES ACQUISITION CORP ($JFK): We noted an average true range of 0.03714, bolinger bands of 10.00571, an upper bollinger band of 9.86429, lower bollinger band of 9.96, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 9.98667, high band keltner channel of 9.98667, low band keltner channel of 9.98667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 9.96, a donchian channel low band of 9.96, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR 8I ENTERPRISES ACQUISITION CORP ($JFK): We calculated a Moving Average Convergence Divergence (MACD) of -0.00112, a MACD signal of -0.00062, a MACD difference of -0.0005, a fast Exponential Moving Average (EMA) indicator of 9.96, a slow Exponential Moving Average (EMA) indicator of 9.96, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.00351, a trix of 0.07726, a Mass Index (MI) of 1.8, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.0214, a KST Oscillator (KST) of 2.15322 and a KST Oscillator (KST Signal) of 2.15322 (leaving a KST difference of -1.25772). We also found an Ichimoku rating of 10.0, an Ichimoku B rating of 10.0, a Ichimoku visual trend A of 9.98983, an Ichimoku visual trend B of 9.99597, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR 8I ENTERPRISES ACQUISITION CORP ($JFK): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 34.85342, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of -0.00253.

RETURNS FOR 8I ENTERPRISES ACQUISITION CORP ($JFK): There was a daily return of 0.21532, a daily log return of -0.50327 and a cumulative return of -0.50201.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-19 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for 8i Enterprises Acquisition Corp ($JFK)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling 8i Enterprises Acquisition Corp ($JFK) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com

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