Contrarian Opportunity? ARM RSI Plunges at $110.27

Arm Holdings PLC (ARM) closed down 1.15% at $110.27 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($116.32) and 21-day ($125.78) EMAs, suggesting short-term weakness.
• Momentum: RSI at 21.4 is approaching oversold territory, which may present buying opportunities. MACD is bearish (-9.05 vs signal -7.65).
• Volatility: Bollinger Band width at 37.9% indicates normal volatility.

Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $103.46.

Key levels to watch: Support at $103.46, Resistance at $151.85.