In its latest trading session, South Jersey Industries, Inc. (SJI) dropped by -1.5% – here is what that looked like (as of 2019-11-08):
What’s the reason for these moves? To grasp this action 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 50.586, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.023, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.39, an Accumulation/Distribution Index (ADI) of 0.39, an On-Balance Volume (OBV) of 248.631, and a Chaiikin Money Flow (CMF) of 31.14. 4.784
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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