Flowserve Corporation (NYSE:FLS) Dropped -1.6% – Here’s Why

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In its latest trading session, Flowserve Corporation (NYSE:FLS) dropped by -1.6% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? 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 0.009, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.61, an Accumulation/Distribution Index (ADI) of 0.61, an On-Balance Volume (OBV) of 275.625, and a Chaiikin Money Flow (CMF) of 50.68. 2.824

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

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