SAM Coils in TTM Squeeze at $197.05, Breakout Imminent

Boston Beer Company Inc (SAM) closed up 0.38% at $197.05 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($197.69) and 21-day ($198.43) EMAs, suggesting short-term weakness.
• Momentum: RSI at 50.4 is in neutral territory but trending lower. MACD is bullish (-1.23 vs signal -1.47).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $192.47.

Key levels to watch: Support at $192.47, Resistance at $203.30.