Nov. 13 at 2:35 AM
$RLI is currently trading at
$62.05, showing a neutral RSI of 53.26, indicating no immediate overbought or oversold conditions. The 30-day moving average (MA30) at
$61.65 is below the current price, suggesting a bullish short-term trend, while the 50-day moving average (MA50) at
$63.34 is above the current price, indicating potential resistance. The recent high of
$69.19 is significantly above the current price, providing an upside target, while the low of
$57.75 offers a downside reference.
Directional bias leans bullish due to the price being above the MA30 and the RSI indicating room for upward movement.
Suggested entry:
$62.10 (slightly above last close).
Stop loss:
$60.50 (below MA30).
Targets:
$66.00 (near 60D high) and
$68.00 (psychological level).
This plan takes into account current price action and moving averages for a balanced approach.
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