Nov. 13 at 2:42 AM
$MTDR: The last close at
$40.54 is positioned above the 60D low of
$37.14 but below the 60D high of
$51.22, indicating a neutral to slightly bullish market context. The RSI at 54.79 suggests that the stock is neither overbought nor oversold, supporting a balanced directional bias. However, the price is below both the 30-day MA of
$41.57 and the 50-day MA of
$43.94, indicating potential resistance levels.
Suggested entry is at
$41.00, slightly above the 30-day MA, which could act as a breakout point. Set a stop loss at
$39.50 to manage risk effectively, allowing for volatility indicated by the ATR of 1.36.
Target 1 is set at
$44.00, near the 50-day MA, while Target 2 is at
$46.00, providing a reasonable upside based on recent price action. This plan aligns with the current market dynamics and technical indicators.
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