Veoneer, Inc. (NYSE:VNE) Dropped -9.9% – Here’s Why

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After completing its last trading session, Veoneer, Inc. (NYSE:VNE) dropped by -9.9% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? 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 54.315, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.041, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.456, an Accumulation/Distribution Index (ADI) of 0.456, an On-Balance Volume (OBV) of 639.706, and a Chaiikin Money Flow (CMF) of 16.12. 42.429

Now let’s plug these indicators in. Consulting 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.