Nov. 14 at 3:10 AM
$PSA is currently trading at
$274.28, significantly below its 30-day moving average (MA30) of
$291.59 and 50-day moving average (MA50) of
$289.82, indicating a bearish trend. The RSI at 23.17 suggests the stock is oversold, which could lead to a potential reversal or short-term bounce. The recent 60-day high of
$312.95 and low of
$269.87 provides a range for potential price movement.
Given the current metrics, a suggested entry point could be around
$275, just above the last close, to capitalize on a possible rebound. A stop loss should be set at
$269.50 to limit downside risk. For targets, aim for
$285 (near the MA30) as the first target and
$290 (near the MA50) as the second target, allowing for a gradual recovery towards the moving averages.
Overall, while the long-term trend remains bearish, the oversold condition may provide a short-term buying opportunity.
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