Squeeze Play: ARM Preps for Breakout at $238.78
The stock of Arm Holdings PLC (ARM) dropped 1.87% to close at $238.78 on August 25.
Technical indicators paint a bearish picture:
Moving Averages
The stock trades below its 9-day EMA ($254.40) with the 21-day ($264.26) acting as overhead resistance.
Momentum
RSI at 37.9 is in neutral territory but trending lower. MACD reads -10.68 against its -9.43 signal line (bearish).
Volatility
Volatility has been compressing for 13 sessions (TTM Squeeze active), often a precursor to directional moves.
Traders are watching $223.02 on the downside and $295.78 on the upside.
