Nov. 14 at 5:17 AM
$FCPT is currently trading at
$24.12, which is at the 30-day moving average (MA30) and slightly below the 50-day moving average (MA50) of
$24.52. The RSI at 45.41 indicates a neutral stance, suggesting there is no immediate overbought or oversold condition. The recent price action is bounded by a 60-day high of
$26.40 and a low of
$23.05, indicating a potential range play.
Directional bias appears neutral to slightly bearish due to the proximity to MA50 and the RSI level.
Suggested entry point is at
$24.00, just below the current price to capture a potential bounce. Set a stop loss at
$23.80 to limit downside risk.
Target 1 is set at
$25.00, which aligns with resistance levels, while Target 2 is at
$25.50, just below the 60-day high.
Monitor market conditions closely, as a break below
$23.05 may signal a bearish trend.
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