Nov. 20 at 9:45 AM
$ARQT is currently trading at
$25.0, showing a strong upward momentum with an RSI of 69.51, indicating it is nearing overbought territory. The 30-day moving average (MA30) is at
$22.34, and the 50-day moving average (MA50) is at
$20.58, both suggesting a bullish trend as the price is well above these averages. The 60-day high of
$27.08 provides a resistance level, while the 60-day low of
$15.1 indicates significant support.
Given the current metrics, the directional bias is bullish, but caution is warranted due to the high RSI. A suggested entry point could be around
$24.50 to capture potential upward movement while managing risk. A stop loss can be set at
$23.00 to limit losses. Target 1 can be set at
$27.00, near the recent high, and Target 2 at
$28.00 for a more aggressive approach.
Monitor the price action closely for any signs of reversal.
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