Penumbra, Inc. (NYSE:PEN) Fell By -0.1%, But Why?

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For its latest trading sesion, Penumbra, Inc. (NYSE:PEN) dropped by -0.1% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To grasp this action better, We ought 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 -0.075, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 2.907, an Accumulation/Distribution Index (ADI) of 2.907, an On-Balance Volume (OBV) of 621.705, and a Chaiikin Money Flow (CMF) of -162.8. 2.237

So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Penumbra, Inc. (NYSE:PEN). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.