In its latest trading session, Tortoise Energy Infrastructure Corporation (NYSE:TYG) dropped by -0.7% – here is what that looked like (as of 2019-12-24):
What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 50.383, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.282, an Accumulation/Distribution Index (ADI) of 0.282, an On-Balance Volume (OBV) of 96.175, and a Chaiikin Money Flow (CMF) of 18.71. 3.125
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Tortoise Energy Infrastructure Corporation (NYSE:TYG). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.