CHR Bands Narrow to Multi-Week Lows at $1.84
Cheer Holding Inc (CHR) closed near unchanged at $1.84 on July 10.
From a technical standpoint, the outlook appears bearish:
Moving Averages
The stock trades below its 9-day EMA ($1.89) with the 21-day ($1.95) acting as overhead resistance.
Momentum
RSI at 45.9 is neutral but weakening. MACD reads -0.05 against its -0.04 signal line (bearish).
Volatility
Volatility has been compressing for 6 sessions (TTM Squeeze active), often a precursor to directional moves.
Support sits at $1.75 with resistance at $2.14.
