Here’s Why Puxin Limited (NYSE:NEW) Dropped -1.6%

After completing its last trading session, Puxin Limited (NYSE:NEW) dropped by -1.6% – 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 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.25, an Accumulation/Distribution Index (ADI) of 0.25, an On-Balance Volume (OBV) of 113.137, and a Chaiikin Money Flow (CMF) of 9.3. 5.25

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 Puxin Limited (NYSE:NEW). 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.