Nov. 20 at 8:44 AM
$UMBF is currently trading at
$108.4, below both the 30-day moving average (MA30) of
$111.62 and the 50-day moving average (MA50) of
$115.13, indicating a bearish trend. The RSI at 34.49 suggests that the stock is approaching oversold conditions, which could signal a potential reversal; however, it remains below the neutral 50 level, supporting a bearish bias in the short term.
Considering the 60-day high of
$126.14 and low of
$103.86, the current price is closer to the low, reinforcing the potential for further downside. A suggested entry point could be around
$107.5, with a stop loss set at
$103 to limit risk. For targets, consider
$110 as a first target, aligning with the MA30, and
$112 as a second target, near the MA50.
In summary, the trade plan is to enter at
$107.5, with a stop at
$103 and targets at
$110 and
$112.
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