Mallinckrodt plc (NYSE:MNK) Fell By -3.2%, And Here’s Why

For its latest trading sesion, Mallinckrodt plc (NYSE:MNK) dropped by -3.2% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, 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 0.222, an Accumulation/Distribution Index (ADI) of 0.222, an On-Balance Volume (OBV) of 80.506, and a Chaiikin Money Flow (CMF) of 3.47. 2.273

Now let’s plug these indicators in. According to Trading View, this is what it all means:

So there you have it – our analysis of Mallinckrodt plc (NYSE:MNK). 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.