China Petroleum & Chemical Corporation (NYSE:SNP) Fell By -1.7%, But Why?

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For its latest trading sesion, China Petroleum & Chemical Corporation (NYSE:SNP) dropped by -1.7% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? 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 50.673, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.024, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.717, an Accumulation/Distribution Index (ADI) of 0.717, an On-Balance Volume (OBV) of 844.163, and a Chaiikin Money Flow (CMF) of 56.08. 14.231

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

So there you have it – our analysis of China Petroleum & Chemical Corporation (NYSE:SNP). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.