After completing its last trading session, NewMarket Corporation (NYSE:NEU) spiked up by 0.1% – here is what that looked like (as of 2019-12-04):
Why are these moves happning?? To grasp this action 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 0.077, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 4.572, an Accumulation/Distribution Index (ADI) of 4.572, an On-Balance Volume (OBV) of 12613.177, and a Chaiikin Money Flow (CMF) of 486.52. 2.285
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
So there you have it – our analysis of NewMarket Corporation (NYSE:NEU). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.