Volatility Contraction Sets Up URBN Move Near $64.89
Urban Outfitters Inc (URBN) closed down 1.54% at $64.89 on February 25.
From a technical standpoint, the outlook appears bearish:
Momentum
RSI at 34.8 is in neutral territory but trending lower. MACD is bearish (-1.56 vs signal -1.13).
Moving Averages
Price sits below both the 9-day ($68.27) and 21-day ($69.91) EMAs, suggesting short-term weakness.
Volatility
Volatility has been compressing for 11 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $65.93.
Key levels to watch: Support at $65.93, Resistance at $74.41.
