Here’s Why Veeco Instruments Inc. (NASDAQ:VECO) Dropped -1.3%

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In its latest trading session, Veeco Instruments Inc. (NASDAQ:VECO) dropped by -1.3% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

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 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.274, an Accumulation/Distribution Index (ADI) of 0.274, an On-Balance Volume (OBV) of 215.597, and a Chaiikin Money Flow (CMF) of 14.93. 2.474

Now let’s take all these indicators into account. According to Trading View, putting it all together gets 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.