Here’s Why iShares MSCI Europe Financials Sector Index Fund (NASDAQ:EUFN) Dropped -1.9%

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In its most recent trading session, iShares MSCI Europe Financials Sector Index Fund (NASDAQ:EUFN) dropped by -1.9% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, 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 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.13, an Accumulation/Distribution Index (ADI) of 0.13, an On-Balance Volume (OBV) of 39.22, and a Chaiikin Money Flow (CMF) of 19.8. 1.0

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.