SWKS Faces Resistance as EMAs Turn Bearish
BearishSkyworks Solutions Inc (SWKS) closed down 0.47% at $64.21 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($65.14) and 21-day ($66.30) EMAs, suggesting short-term weakness.
Momentum
RSI at 49.7 is in neutral territory but trending lower. MACD is bearish (-1.12 vs signal -0.99).