Nov. 14 at 11:36 PM
$CARR is currently trading at
$54.1, showing a bearish market context as indicated by the RSI of 32.93, which suggests the stock is oversold. The price is below both the 30-day MA of 57.64 and the 50-day MA of 58.85, reinforcing a downward trend. The recent 60-day high of 68.06 and low of 53.96 indicates a range-bound market, with current price action closer to the lower boundary.
Directional bias is bearish due to the RSI and the position relative to MAs. Suggested entry is at
$54.1, with a stop loss set at
$52.5 to manage risk. Target 1 is
$56.0, aligning with the 30-day MA, and Target 2 is
$57.0, just below the 50-day MA. This plan allows for potential recovery while maintaining a cautious approach given the current market conditions.
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