Synalloy Corporation (NASDAQ:SYNL) Fell By -3.1%, And Here’s Why

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For its latest trading sesion, Synalloy Corporation (NASDAQ:SYNL) dropped by -3.1% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 51.151, 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 0.336, an Accumulation/Distribution Index (ADI) of 0.336, an On-Balance Volume (OBV) of 206.219, and a Chaiikin Money Flow (CMF) of 12.72. 6.482

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

So when putting all the technical indicators together, this is what you get. 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.