Contrarian Opportunity? ARM RSI Plunges at $110.27
BullishArm Holdings PLC (ARM) closed down 1.15% at $110.27 on December 27.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($116.32) and 21-day ($125.78) EMAs, suggesting short-term weakness.
Momentum
RSI at 21.4 is approaching oversold territory, which may present buying opportunities. MACD is bearish (-9.05 vs signal -7.65).
Volatility
Bollinger Band width at 37.9% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $103.46.
Key levels to watch: Support at $103.46, Resistance at $151.85.