EMA Death Cross Looms for COF Near $198.07
Capital One Financial Corp (COF) slipped 1.53% to $198.07 on October 14.
From a technical standpoint, the outlook appears mixed:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($198.16) and 21-day ($200.11).
Momentum
RSI at 44.0 is neutral but improving. MACD is bullish (-2.82 vs signal -3.72).
Volatility
Volatility has been compressing for 3 sessions (TTM Squeeze active), often a precursor to directional moves.
While EMAs remain bearish, positive MACD divergence hints at potential support around $191.84.
Watch $191.84 as support and $204.76 as resistance.
