OWL (Blue Owl Capital) Technical Analysis – January 2025
Current Market Overview:
- Price: $24.52 (+0.99%)
- Trend:
- The stock is trading above the 20-day EMA ($23.45) and the 200-day EMA ($20.26), indicating a strong uptrend.
- The recent breakout above $24.00 suggests bullish momentum, with a potential test of recent highs at $25.03.
Technical Indicators Analysis:
Relative Strength Index (RSI):
- Current value: 59.78
- RSI is approaching the overbought zone but still indicates room for further upside.
- This suggests continued bullish strength without being overextended.
Implied Volatility (IV):
- Current IV: 39
- IV Rank: 69% (relatively high compared to past levels)
- IV Percentile: 87% (high compared to the past year)
- Implication: Elevated IV suggests options are relatively expensive, making credit spreads or selling premium strategies more attractive.
MACD (Moving Average Convergence Divergence):
- The MACD line is turning positive, crossing the signal line, indicating bullish momentum.
- Histogram is showing early signs of strengthening bullish momentum.
Bias:
Bullish.
- Price action indicates strength with higher highs and higher lows, and the bullish MACD crossover supports further upside.
