Technical Warning: DECK RSI Hits Overbought at $103.09
BearishDeckers Outdoor Corp (DECK) closed up 2.12% at $103.09 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($101.24) with a bullish stack. The 21-day EMA at $98.02 provides support.
Momentum
RSI at 71.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bearish (3.10 vs signal 3.15).
Volatility
Bollinger Band width at 17.2% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $90.74, Resistance at $107.79.