CAR Enters Squeeze Mode at $131.93
NeutralAvis Budget Group Inc (CAR) traded flat at $131.93 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price sits below both the 9-day ($132.00) and 21-day ($132.77) EMAs, suggesting short-term weakness.
Momentum
RSI at 51.5 is in neutral territory. MACD is bullish (-1.54 vs signal -2.07).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $128.12.
Key levels to watch: Support at $128.12, Resistance at $136.85.