Here’s Why Yintech Investment Holdings Limited (YIN) Dropped -6.2%

In its latest trading session, Yintech Investment Holdings Limited (YIN) dropped by -6.2% – here is what that looked like (as of 2019-11-11):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 52.441, 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 0.131, an Accumulation/Distribution Index (ADI) of 0.131, an On-Balance Volume (OBV) of 16.356, and a Chaiikin Money Flow (CMF) of 4.71. 0.777

Now let’s plug these indicators in. According to Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. 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.

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