TTM Squeeze Alert: PPG Primed for Big Move at $104.32
NeutralPPG Industries Inc (PPG) closed up 0.75% at $104.32 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($103.16) with a bullish stack. The 21-day EMA at $101.74 provides support.
Momentum
RSI at 72.5 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (1.20 vs signal 1.06).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.