RSI Flashes Caution as EL Extends to $107.65

Estee Lauder Companies Inc (EL) closed up 0.16% at $107.65 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Price trades above the 9-day EMA ($106.62) with a bullish stack. The 21-day EMA at $103.47 provides support.
• Momentum: RSI at 70.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (3.54 vs signal 3.46).
• Volatility: Bollinger Band width at 15.6% indicates normal volatility.

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

Key levels to watch: Support at $95.89, Resistance at $112.09.