In its latest trading session, Bausch Health Companies Inc. (NYSE:BHC) dropped by -1.6% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To have a greater insight of what is happening, 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 0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.375, an Accumulation/Distribution Index (ADI) of 0.375, an On-Balance Volume (OBV) of 435.851, and a Chaiikin Money Flow (CMF) of 29.91. 1.229
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of Bausch Health Companies Inc. (NYSE:BHC). 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.