AAPL Coils in TTM Squeeze at $273.40, Breakout Imminent
NeutralApple Inc (AAPL) closed down 0.15% at $273.40 on December 27.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($273.71) and 21-day ($274.56) EMAs, suggesting short-term weakness.
Momentum
RSI at 53.5 is in neutral territory. MACD is bearish (0.21 vs signal 1.20).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $268.51, Resistance at $285.38.