TTM Squeeze Tightens Grip on GOOG at $356.24
Alphabet Inc (GOOG) retreated 0.69%, ending the session at $356.24 on July 10.
Technical indicators paint a mixed picture:
Moving Averages
Price sits below both the 9-day ($357.06) and 21-day ($358.07) EMAs, suggesting short-term weakness.
Momentum
RSI at 48.9 is showing no strong directional bias. MACD reads -1.88 against its -3.20 signal line (bullish).
Volatility
Volatility has been compressing for 14 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $337.72.
Traders are watching $337.72 on the downside and $373.76 on the upside.
