Myriad Genetics, Inc. (NASDAQ:MYGN) Dropped -9.5% – Here’s Why

In its most recent trading session, Myriad Genetics, Inc. (NASDAQ:MYGN) dropped by -9.5% – 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, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 53.142, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.056, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.898, an Accumulation/Distribution Index (ADI) of 0.898, an On-Balance Volume (OBV) of 5030.067, and a Chaiikin Money Flow (CMF) of 27.4. 201.0

Now let’s plug these indicators in. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Myriad Genetics, Inc. (NASDAQ:MYGN). 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.