Tech Data Corporation (TECD) Fell By -0.1%, And Here’s Why

For its latest trading sesion, Tech Data Corporation (TECD) dropped by -0.1% – here is what that looked like (as of 2019-11-08):

What’s the reason for these moves? 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 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 1.924, an Accumulation/Distribution Index (ADI) of 1.924, an On-Balance Volume (OBV) of 1096.481, and a Chaiikin Money Flow (CMF) of 124.68. 5.129

Now let’s plug these indicators in. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Tech Data Corporation (TECD). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen