QEP Resources, Inc. (NYSE:QEP) Dropped -1.3% – Here’s Why

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For its latest trading sesion, QEP Resources, Inc. (NYSE:QEP) dropped by -1.3% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? 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 51.076, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.226, an Accumulation/Distribution Index (ADI) of 0.226, an On-Balance Volume (OBV) of 16.244, and a Chaiikin Money Flow (CMF) of 3.2. 1.9

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for QEP Resources, Inc. (NYSE:QEP). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.