Bearish MACD Cross Pressures URBN at $76.43
BearishUrban Outfitters Inc (URBN) closed down 0.81% at $76.43 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($78.45). The 21-day EMA sits at $76.82.
Momentum
RSI at 59.7 is in neutral territory but trending lower. MACD is bearish (2.10 vs signal 2.97).
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $74.39, Resistance at $83.64.