In its most recent trading session, Modine Manufacturing Company (NYSE:MOD) 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, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 51.952, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.338, an Accumulation/Distribution Index (ADI) of 0.338, an On-Balance Volume (OBV) of 78.83, and a Chaiikin Money Flow (CMF) of 7.47. 9.8
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 Modine Manufacturing Company (NYSE:MOD). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.