Here’s Why PetroChina Company Limited (NYSE:PTR) Dropped -0.9%

      Comments Off on Here’s Why PetroChina Company Limited (NYSE:PTR) Dropped -0.9%

In its most recent trading session, PetroChina Company Limited (NYSE:PTR) dropped by -0.9% – 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 33.263, 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 0.58, an Accumulation/Distribution Index (ADI) of 0.58, an On-Balance Volume (OBV) of 412.996, and a Chaiikin Money Flow (CMF) of -49.53. 6.5

Now let’s take all these indicators into account. According to Trading View, this is what it all means:

So there you have it – our analysis of PetroChina Company Limited (NYSE:PTR). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.