After completing its last trading session, China Southern Airlines Company Limited (NYSE:ZNH) spiked up by 1.8% – here is what that looked like (as of 2019-12-11):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful 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 -0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.543, an Accumulation/Distribution Index (ADI) of 0.543, an On-Balance Volume (OBV) of 199.342, and a Chaiikin Money Flow (CMF) of -30.77. 1.231
Now let’s take all these indicators into account. According to Trading View, we can conclude the following:
So there you have it – our analysis of China Southern Airlines Company Limited (NYSE:ZNH). 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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