Eldorado Resorts, Inc. (NASDAQ:ERI) Fell By -2.5%, But Why?

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.

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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