CarGurus, Inc. (CARG) Fell By -1.3%, But Why?

After completing its last trading session, CarGurus, Inc. (CARG) dropped by -1.3% – here is what that looked like (as of 2019-10-29):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 15.72, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.017, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.746, an Accumulation/Distribution Index (ADI) of 0.746, an On-Balance Volume (OBV) of 166.826, and a Chaiikin Money Flow (CMF) of -33.39. 3.81

Now let’s plug these indicators in. According to Trading View, putting it all together gets 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.

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

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