Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Fell By -0.1%, And Here’s Why

In its latest trading session, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) dropped by -0.1% – here is what that looked like (as of 2020-01-06):

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

A Money Flow Index (MFI) of 51.061, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.017, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.955, an Accumulation/Distribution Index (ADI) of 0.955, an On-Balance Volume (OBV) of 905.733, and a Chaiikin Money Flow (CMF) of 32.04. 4.569

Now let’s plug these indicators in. Consulting Trading View, we can conclude 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.