Movado Group Inc. (NYSE:MOV) Fell By -1.4%, But Why?

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In its most recent trading session, Movado Group Inc. (NYSE:MOV) dropped by -1.4% – 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 important ones are as follows:

A Money Flow Index (MFI) of 51.492, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.018, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.636, an Accumulation/Distribution Index (ADI) of 0.636, an On-Balance Volume (OBV) of 270.478, and a Chaiikin Money Flow (CMF) of 18.95. 5.913

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

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.