For its latest trading sesion, RPC, Inc. (NYSE:RES) dropped by -5.9% – here is what that looked like (as of 2019-12-04):
Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 52.888, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.231, an Accumulation/Distribution Index (ADI) of 0.231, an On-Balance Volume (OBV) of 55.639, and a Chaiikin Money Flow (CMF) of 3.89. 13.667
Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:
So when putting all the technical indicators together, this is what you get. 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.