Nov. 14 at 3:42 AM
$ARCC is currently trading at
$20.29, showing a neutral market context with an RSI of 54.47, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$20.01 but below the 50-day moving average (MA50) of
$20.51, suggesting potential upward momentum but also resistance at the MA50.
Given the 60-day high of
$22.53 and low of
$18.79, the price is positioned closer to the higher end of this range, indicating a bullish bias. A suggested entry point is at
$20.50, slightly above the MA50, to confirm upward momentum. A stop loss can be set at
$19.80 to limit downside risk.
Targets can be set at
$21.50, near the midpoint of the 60-day range, and
$22.00, approaching the recent high. This plan capitalizes on the current bullish sentiment while maintaining risk management.
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