ADI Breaks Out at $276.84 as Moving Averages Align
BullishAnalog Devices Inc (ADI) closed down 0.26% at $276.84 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($276.25) with a bullish stack. The 21-day EMA at $270.75 provides support.
Momentum
RSI at 69.2 is in neutral territory. MACD is bearish (7.04 vs signal 8.48).
Volatility
Bollinger Band width at 6.5% indicates low volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $267.33, Resistance at $285.41.