Regis Corporation (NYSE:RGS) Fell By -3.6%, But Why?

      Comments Off on Regis Corporation (NYSE:RGS) Fell By -3.6%, But Why?

In its latest trading session, Regis Corporation (NYSE:RGS) dropped by -3.6% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 51.926, 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 0.44, an Accumulation/Distribution Index (ADI) of 0.44, an On-Balance Volume (OBV) of 225.348, and a Chaiikin Money Flow (CMF) of 16.68. 6.875

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 Regis Corporation (NYSE:RGS). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.