Volatility Contraction Sets Up XHB Move Near $104.99
NeutralXHB (XHB) closed up 0.20% at $104.99 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($105.39) and 21-day ($105.73) EMAs, suggesting short-term weakness.
Momentum
RSI at 55.7 is in neutral territory. MACD is bearish (-0.35 vs signal -0.05).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.