AXON Coils in TTM Squeeze at $583.84, Breakout Imminent
NeutralAxon Enterprise Inc (AXON) closed down 1.24% at $583.84 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($579.60) with a bullish stack. The 21-day EMA at $576.00 provides support.
Momentum
RSI at 59.2 is in neutral territory but trending lower. MACD is bullish (0.63 vs signal -7.01).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $522.10, Resistance at $602.93.