Nov. 14 at 3:09 AM
$ARES: The last close at
$148.47 is below the 30-day moving average (MA30) of
$149.53, indicating a bearish short-term trend. The RSI at 48.41 suggests the stock is neither overbought nor oversold, reflecting a neutral market sentiment. Given the 60-day high of
$186.85 and low of
$139.20, the current price is closer to the low, which may present a potential reversal opportunity if buying pressure increases.
Directional bias is bearish due to the price being under both the MA30 and MA50 (159.01). However, if the price breaks above the MA30, it could signal a shift.
Suggested entry:
$150.00 (above MA30). Stop loss:
$145.00 (below recent support). Targets:
$155.00 (first target near MA50) and
$160.00 (second target for potential resistance).
Monitor for price action around the MA30 for confirmation.
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