Volatility Contraction Sets Up FSLR Move Near $269.69
NeutralFirst Solar Inc (FSLR) closed down 0.93% at $269.69 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($267.81) with a bullish stack. The 21-day EMA at $264.26 provides support.
Momentum
RSI at 55.3 is in neutral territory but trending lower. MACD is bullish (4.33 vs signal 3.50).
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 $246.86, Resistance at $279.36.