For its latest trading sesion, Caesarstone Ltd. (NASDAQ:CSTE) dropped by -1.6% – here is what that looked like (as of 2019-12-24):
What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 50.455, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.3, an Accumulation/Distribution Index (ADI) of 0.3, an On-Balance Volume (OBV) of 156.566, and a Chaiikin Money Flow (CMF) of 15.16. 8.071
Now let’s plug these indicators in. Consulting 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.