Nov. 14 at 11:30 PM
$MSI is currently trading at
$379.98, significantly below its 30-day moving average (MA30) of
$427.12 and 50-day moving average (MA50) of
$443.81, indicating a bearish trend. The RSI of 9.9 suggests that the stock is in an oversold condition, which could signal a potential reversal or bounce. However, the stock is also near its 60-day low of
$376.74, creating a tight range for potential movement.
Given the current metrics, the directional bias leans bearish, but with the oversold RSI, a short-term bullish reversal could occur. Suggested entry could be around
$380, with a stop loss set at
$375 to manage risk. Target 1 could be set at
$400, aligning with a minor resistance level, and Target 2 could be
$415, approaching the MA30.
Monitor closely for any signs of upward momentum, but be cautious of the prevailing bearish trend.
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