California Resources Corporation (NYSE:CRC) Dropped -2.9% – Here’s Why

In its latest trading session, California Resources Corporation (NYSE:CRC) dropped by -2.9% – here is what that looked like (as of 2019-12-23):

What’s the reason for these moves? To understand this better, it is helpful 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 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.678, an Accumulation/Distribution Index (ADI) of 0.678, an On-Balance Volume (OBV) of 107.691, and a Chaiikin Money Flow (CMF) of 9.66. 10.444

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude 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.