New Fortress Energy LLC (NASDAQ:NFE) Fell By -2.2%, And Here’s Why

In its most recent trading session, New Fortress Energy LLC (NASDAQ:NFE) dropped by -2.2% – 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 interesting and telling are these ones:

A Money Flow Index (MFI) of 51.687, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.49, an Accumulation/Distribution Index (ADI) of 0.49, an On-Balance Volume (OBV) of 370.61, and a Chaiikin Money Flow (CMF) of 14.79. 3.514

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

So there you have it – our analysis of New Fortress Energy LLC (NASDAQ:NFE). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.