ADI Breaks Out at $276.84 as Moving Averages Align

Analog Devices Inc (ADI) closed down 0.26% at $276.84 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Price trades above the 9-day EMA ($276.25) with a bullish stack. The 21-day EMA at $270.75 provides support.
• Momentum: RSI at 69.2 is in neutral territory. MACD is bearish (7.04 vs signal 8.48).
• Volatility: Bollinger Band width at 6.5% indicates low volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $267.33, Resistance at $285.41.