TOL Coils in TTM Squeeze at $139.12, Breakout Imminent
NeutralToll Brothers Inc (TOL) closed down 0.33% at $139.12 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($139.11) with a bullish stack. The 21-day EMA at $138.08 provides support.
Momentum
RSI at 62.0 is in neutral territory but trending lower. MACD is bearish (1.10 vs signal 1.22).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.