After completing its last trading session, Molson Coors Brewing Company (NYSE:TAP) dropped by -1.5% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? 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 50.6, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.019, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.667, an Accumulation/Distribution Index (ADI) of 0.667, an On-Balance Volume (OBV) of 733.075, and a Chaiikin Money Flow (CMF) of 53.86. 12.238
So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:
So there you have it – our analysis of Molson Coors Brewing Company (NYSE:TAP). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.