Nov. 15 at 12:41 AM
$UGI is currently trading at
$34.84, with an RSI of 66.04 indicating it is approaching overbought territory. The 30-day moving average (MA30) is at
$33.25, and the 50-day moving average (MA50) is at
$33.31, both suggesting a bullish trend as the price is above these averages. The recent 60-day high is
$35.49, providing a resistance level, while the low is
$31.62, indicating a solid support range.
Given the current metrics, the directional bias is slightly bullish, but caution is warranted due to the elevated RSI. A suggested entry point could be around
$34.50, just below the recent close, to capitalize on potential upward momentum. A stop-loss can be set at
$34.00 to limit downside risk. For targets, consider
$35.00 as an initial target, with a secondary target at
$35.40, just below the 60-day high.
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