XHB Coils in TTM Squeeze at $104.99, Breakout Imminent

XHB (XHB) closed up 0.20% at $104.99 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($105.39) and 21-day ($105.84) EMAs, suggesting short-term weakness.
• Momentum: RSI at 54.1 is in neutral territory. MACD is bearish (-0.35 vs signal -0.04).
• Volatility: Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $103.39, Resistance at $110.13.