Nov. 14 at 4:41 AM
$BOX is currently trading at
$31.99, below both the 30-day moving average (MA30) of
$32.44 and the 50-day moving average (MA50) of
$32.48, indicating a bearish market context. The RSI at 36.64 suggests that the stock is approaching oversold conditions, which could signal a potential reversal. However, the stock remains within the 60-day high-low range of
$30.42 to
$33.88, providing a framework for potential price movement.
Directional bias leans bearish due to the current price being below key moving averages, yet the RSI indicates possible upward momentum if it crosses above 40. Suggested entry point is around
$31.50, with a stop loss set at
$30.25 to limit downside risk. Target 1 is
$32.00, aligning with the MA30, and Target 2 is
$32.50, near the MA50. This plan capitalizes on potential short-term recovery while managing risk effectively.
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