For its latest trading sesion, Telefonica SA (NYSE:TEF) dropped by -1.8% – here is what that looked like (as of 2019-12-24):
What is the cause of all this?? 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 50.672, 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 0.065, an Accumulation/Distribution Index (ADI) of 0.065, an On-Balance Volume (OBV) of 21.539, and a Chaiikin Money Flow (CMF) of 7.26. 1.667
So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Telefonica SA (NYSE:TEF). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.