Here’s Why CDK Global, Inc. (NASDAQ:CDK) Dropped -1.2%

      Comments Off on Here’s Why CDK Global, Inc. (NASDAQ:CDK) Dropped -1.2%

For its latest trading sesion, CDK Global, Inc. (NASDAQ:CDK) dropped by -1.2% – here is what that looked like (as of 2019-12-26):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.689, an Accumulation/Distribution Index (ADI) of 0.689, an On-Balance Volume (OBV) of 656.348, and a Chaiikin Money Flow (CMF) of 55.43. 2.354

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of CDK Global, Inc. (NASDAQ:CDK). 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.