For its latest trading sesion, Tallgrass Energy, LP (TGE) dropped by -1.7% – here is what that looked like (as of 2019-11-08):
Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 50.578, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.009, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.41, an Accumulation/Distribution Index (ADI) of 0.41, an On-Balance Volume (OBV) of 285.916, and a Chaiikin Money Flow (CMF) of 18.37. 13.222
Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Tallgrass Energy, LP (TGE). 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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