Nov. 13 at 3:23 AM
$SFNC is currently trading at
$18.06, showing a moderate RSI of 56.18, suggesting it is neither overbought nor oversold. The price is below the 30-day moving average (MA30) of
$18.29 and significantly below the 50-day moving average (MA50) of
$19.03, indicating potential bearish pressure in the short to medium term. The 60-day high of
$21.39 and low of
$17.00 provides a range that suggests possible volatility.
Directional bias leans slightly bearish due to the current price being below the MAs, but the RSI indicates room for upward movement.
Suggested entry is at
$18.10 to capture potential upside. Set a stop loss at
$17.80 to manage risk. Target 1 is
$18.75 (near MA30), and Target 2 is
$19.00 (near MA50), allowing for a conservative profit-taking strategy.
Overall, monitor market conditions closely, as the close proximity to the 60D low may influence price action.
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