Dolby Laboratories (NYSE:DLB) Dropped -0.9% – Here’s Why

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In its latest trading session, Dolby Laboratories (NYSE:DLB) dropped by -0.9% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To have a greater insight of what is happening, 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 0.029, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.745, an Accumulation/Distribution Index (ADI) of 0.745, an On-Balance Volume (OBV) of 468.307, and a Chaiikin Money Flow (CMF) of 67.39. 6.833

So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:

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.