After completing its last trading session, Tech Data Corporation (NASDAQ:TECD) dropped by -0.4% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To understand this 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 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 0.018, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.926, an Accumulation/Distribution Index (ADI) of 1.926, an On-Balance Volume (OBV) of 9290.641, and a Chaiikin Money Flow (CMF) of 143.65. 61.0
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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