Overbought Readings Warn of ABNB Pullback at $136.82
BearishAirbnb Inc (ABNB) traded flat at $136.82 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($134.30) with a bullish stack. The 21-day EMA at $129.95 provides support.
Momentum
RSI at 76.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (4.38 vs signal 3.44).
Volatility
Bollinger Band width at 21.2% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $114.64, Resistance at $141.84.