In its latest trading session, La-Z-Boy Incorporated (NYSE:LZB) dropped by -0.2% – 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. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 50.388, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.508, an Accumulation/Distribution Index (ADI) of 0.508, an On-Balance Volume (OBV) of 8189.45, and a Chaiikin Money Flow (CMF) of 31.04. 73.0
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.