After completing its last trading session, Sonic Automotive, Inc. (NYSE:SAH) dropped by -6.2% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? 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 52.03, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.037, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.679, an Accumulation/Distribution Index (ADI) of 0.679, an On-Balance Volume (OBV) of 1207.722, and a Chaiikin Money Flow (CMF) of 31.8. 8.944
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for Sonic Automotive, Inc. (NYSE:SAH). 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.