Nov. 21 at 4:04 AM
$NAVN is currently trading at
$14.23, significantly below its 60-day high of
$22.75 and close to its 60-day low of
$13.84. The RSI at 24.99 indicates that the stock is in oversold territory, suggesting a potential reversal or bounce. However, the absence of moving averages (MA30, MA50, MA200) limits trend analysis.
Given the oversold RSI, a bullish bias is warranted, anticipating a potential price recovery. Suggested entry is at
$14.30, slightly above the last close to confirm upward momentum. Set a stop loss at
$13.80 to limit downside risk.
For targets, consider
$15.50 as the first target, which aligns with a potential resistance level, and
$16.50 as a second target, reflecting a more substantial recovery towards the midpoint of the recent high-low range.
Monitor price action closely, as volatility indicated by the ATR of 1.62 could lead to rapid movements.
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