After completing its last trading session, Eldorado Resorts, Inc. (NASDAQ:ERI) dropped by -2.5% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
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 0.041, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.701, an Accumulation/Distribution Index (ADI) of 0.701, an On-Balance Volume (OBV) of 2492.001, and a Chaiikin Money Flow (CMF) of 59.51. 9.984
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
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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