XLP Coils in TTM Squeeze at $78.23, Breakout Imminent
NeutralXLP (XLP) closed up 0.15% at $78.23 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($78.35). The 21-day EMA sits at $78.27.
Momentum
RSI at 54.2 is in neutral territory. MACD is bearish (0.06 vs signal 0.19).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.