Shake Shack, Inc. (NYSE:SHAK) Dropped -2.6% – Here’s Why

For its latest trading sesion, Shake Shack, Inc. (NYSE:SHAK) dropped by -2.6% – 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, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 51.057, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.038, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.833, an Accumulation/Distribution Index (ADI) of 1.833, an On-Balance Volume (OBV) of 4686.194, and a Chaiikin Money Flow (CMF) of 61.5. 75.8

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Shake Shack, Inc. (NYSE:SHAK). 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.