Nov. 13 at 1:52 AM
$REG is currently trading at
$71.26, slightly above its 30-day moving average (MA30) of
$71.09 but below the 50-day moving average (MA50) of
$71.33, indicating a neutral to slightly bearish short-term trend. The RSI at 42.49 suggests that the stock is approaching oversold conditions, which could indicate a potential reversal or upward movement if buying interest increases.
Given the 60-day high of
$74.44 and low of
$67.27, the price is currently within this range, suggesting limited volatility. A suggested entry point could be around
$70.50, slightly below the current price, to capture potential upward momentum.
Set a stop loss at
$69.00 to manage risk, and consider targets at
$73.00 and
$74.00, aligning with the recent high and providing a favorable risk-reward ratio.
Monitor market conditions closely, as a break below
$70 could indicate further downside risk.
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