Nov. 14 at 4:07 AM
$AAON is currently trading at
$95.17, below its 30-day moving average (MA30) of
$100.91 and slightly above its 50-day moving average (MA50) of
$95.64, indicating potential bearish sentiment. The RSI of 37.06 suggests the stock is nearing oversold territory, which could signal a reversal or a continuation of the downtrend. The recent 60-day high of
$116.04 and low of
$78.00 indicates a significant range, with current price action closer to the lower end.
Directional bias leans bearish given the price below both MAs and the RSI. A suggested entry point could be around
$94.50, with a stop loss at
$92.00 to manage risk. Target 1 could be set at
$100.00, aligning with the MA30, while Target 2 could be
$105.00, a midpoint between the recent high and the current price.
Overall, the plan focuses on a cautious approach with potential for recovery if momentum shifts.
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