Nov. 14 at 5:07 AM
$NCNO is currently trading at
$25.48, with an RSI of 45.73 indicating neutral momentum. The price is below the 30-day moving average (MA30) of
$25.69 and significantly below the 50-day moving average (MA50) of
$27.11, suggesting a bearish trend in the short to medium term. The 60-day high of
$33.92 and low of
$23.62 establishes a range that indicates potential volatility.
Given the current metrics, a cautious bearish bias is warranted. Suggested entry for a short position could be at
$25.30, just below the current price. A stop-loss should be placed at
$26.00 to limit potential losses. Target 1 can be set at
$24.00, near the 60D low, and Target 2 at
$23.75, providing a favorable risk-reward ratio.
Monitor the RSI and MA trends closely for any signs of reversal.
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