Nov. 13 at 1:37 AM
$HUBS is currently trading at
$395.86, significantly below its 30-day moving average (MA30) of
$451.78 and 50-day moving average (MA50) of
$471.4, indicating a bearish trend. The RSI at 28.79 suggests that the stock is oversold, which could signal a potential reversal or bounce in the near term. The 60-day high of
$525.51 and low of
$375.01 establishes a range, with current price closer to the low, reinforcing the potential for a rebound.
Suggested entry point is at
$400, above the last close, to confirm upward momentum. Set a stop loss at
$375 to limit downside risk. Target 1 is
$425, aligning with a potential resistance level, and Target 2 is
$450, near the MA30, which could attract sellers.
Overall, while the short-term bias is bearish, the oversold condition and proximity to the low suggest a tactical long position could be beneficial.
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