Here’s Why Eastman Chemical Company (NYSE:EMN) Dropped -3.6%

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For its latest trading sesion, Eastman Chemical Company (NYSE:EMN) dropped by -3.6% – 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. 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 0.069, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.23, an Accumulation/Distribution Index (ADI) of 1.23, an On-Balance Volume (OBV) of 1119.334, and a Chaiikin Money Flow (CMF) of 78.38. 12.852

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Eastman Chemical Company (NYSE:EMN). 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.