@tmkban
Part 2: Technical Indicators and Volatility Metrics
Key technical indicators reinforce the bearish trend, though some signs of easing momentum are visible. The RSI (14) is at 37.64, indicating bearish sentiment but not yet oversold, implying sellers dominate but a stabilization may be near. The MACD histogram remains negative (-1.207) but has been less bearish recently, hinting at possible bearish deceleration. Prices are below the 10-day moving average ($188.60), 50-day SMA ($236.09), and 200-day SMA, confirming the downtrend. Volatility measures such as ATR imply wide daily price swings, increasing the risk for traders. Critical support lies between $158 and $166, with resistance around $180 marking important decision points. Proximity to the lower Bollinger Band further supports a potential oversold condition and possible bounce imminent.