Nov. 13 at 3:21 AM
$AVNT is currently facing bearish pressure, with a last close of
$29.81 and an RSI of 30.68, indicating oversold conditions. The price is below both the 30-day moving average (MA30) of
$31.59 and the 50-day moving average (MA50) of
$33.15, suggesting a downtrend. The 60-day high of
$38.31 and low of
$28.87 indicates a trading range, with the current price near the lower end.
Directional bias is bearish due to the RSI being below 30, indicating potential for a further decline. Suggested entry point is at
$29.50, just below the last close, to capture any potential bounce. Set a stop-loss at
$28.50 to limit downside risk. For targets, consider
$30.50 (first target) and
$31.00 (second target), aligning with resistance levels near the MA30.
Monitor price action closely for any reversal signals.
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