Nov. 15 at 10:07 AM
$HIW is currently trading at
$29.14, showing a neutral market context with an RSI of 44.58, indicating no immediate overbought or oversold conditions. The price is below both the 30-day moving average (MA30) of
$29.61 and the 50-day moving average (MA50) of
$30.51, suggesting a bearish short-term trend. The recent high of
$32.76 and low of
$27.98 over the past 60 days indicates a range-bound market, with potential resistance near
$30.51 and support around
$27.98.
Suggested entry point is
$29.00, slightly below the last close to account for potential volatility. A stop loss should be set at
$27.90 to limit downside risk. For targets, consider
$30.00 as the first target, aligning with the MA30, and
$31.00 as the second target, near the recent high. This plan allows for a cautious approach while monitoring market conditions.
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