Penumbra, Inc. (NYSE:PEN) Fell By -1.8%, And Here’s Why

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In its latest trading session, Penumbra, Inc. (NYSE:PEN) dropped by -1.8% – 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 0.075, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 3.181, an Accumulation/Distribution Index (ADI) of 3.181, an On-Balance Volume (OBV) of 2199.11, and a Chaiikin Money Flow (CMF) of 174.11. 7.65

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.