- The volume bars show higher-than-average volume on the last trading day, which may suggest increased interest or potential breakout/breakdown.
- Rising price with increased volume typically confirms the strength of an uptrend.
- Uptrend: The price has been in an uptrend since early 2024, forming higher highs and higher lows. The Bollinger Bands have been expanding during the uptrend, signaling increasing volatility.
- Consolidation: Recent price action suggests consolidation after the latest uptrend. The price seems to be stuck near the upper Bollinger Band, with some retracement or hesitation around the $440–$450 range.
- Resistance: Around $448–$450, where the price has struggled to break higher.
- Support: Stronger support around $420, which aligns with the middle Bollinger Band and previous price action in August.
- The stock is in a broader uptrend, but it is currently in consolidation. A break above $450 could signal a continuation of the uptrend. A break below $420 may suggest a deeper retracement towards the next support levels.
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➀➁➂➃➄
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.