RSI Flashes Caution as EL Extends to $107.65
BearishEstee Lauder Companies Inc (EL) closed up 0.16% at $107.65 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($106.62) with a bullish stack. The 21-day EMA at $103.47 provides support.
Momentum
RSI at 70.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (3.54 vs signal 3.46).
Volatility
Bollinger Band width at 15.6% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $95.89, Resistance at $112.09.