MDY Enters Squeeze Mode at $611.49
NeutralMDY (MDY) closed down 0.63% at $611.49 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($612.33). The 21-day EMA sits at $608.04.
Momentum
RSI at 61.8 is in neutral territory but trending lower. MACD is bearish (4.65 vs signal 4.80).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $598.74, Resistance at $620.69.