Nov. 14 at 2:56 AM
$ADI is currently trading at
$237.53, showing a neutral RSI of 49.54, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$237.18 but below the 50-day moving average (MA50) of
$240.79, suggesting a potential resistance level at the MA50. The recent high of
$258.13 and low of
$223.47 over the past 60 days establishes a range that could guide trading decisions.
Given the current metrics, the directional bias leans slightly bullish, as the price is above the MA30. A suggested entry point could be around
$238.00, with a stop loss set at
$233.60 (below the recent low). Target 1 can be set at
$245.00 (near the MA50), and Target 2 at
$250.00, which is a psychological level and close to the recent high.
Monitor the ATR of 5.93 for volatility considerations.
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