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.
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