Harmonic Inc. (NASDAQ:HLIT) Dropped -0.9% – Here’s Why

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After completing its last trading session, Harmonic Inc. (NASDAQ:HLIT) dropped by -0.9% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:

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 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.158, an Accumulation/Distribution Index (ADI) of 0.158, an On-Balance Volume (OBV) of 56.056, and a Chaiikin Money Flow (CMF) of 8.13. 4.4

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Harmonic Inc. (NASDAQ:HLIT). 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.