Nov. 14 at 11:35 PM
$PCAR is currently trading at
$95.59, below both the 30-day moving average (MA30) of
$97.49 and the 50-day moving average (MA50) of
$98.22, indicating a bearish trend. The RSI at 33.51 suggests that the stock is approaching oversold territory, which may signal a potential reversal, but the overall market context remains weak given the proximity to the 60-day low of
$92.25.
Directional bias leans bearish due to the price being below key moving averages and recent price action. Suggested entry for a short position could be at
$95.00, with a stop loss set at
$97.00 to limit potential losses.
Targets for this trade could be set at
$93.00, near the 60-day low, and a second target at
$90.00, providing a favorable risk-reward ratio. Monitor the ATR of 2.39 for volatility considerations.
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