Nov. 13 at 1:25 AM
$VICI: The current market context shows a last close of
$30.58, which is below both the 30-day moving average (MA30) of
$30.98 and the 50-day moving average (MA50) of
$31.66, indicating bearish momentum. The RSI at 41.41 suggests that the stock is approaching oversold territory but is not yet there, implying potential for further downside. The 60-day high of
$33.92 and low of
$28.96 creates a range that suggests volatility is present, with current price near the lower end.
Directional bias is bearish due to the price being below key moving averages and the RSI indicating weakness.
Suggested entry:
$30.30 (slightly below current price to confirm bearish trend).
Stop loss:
$31.00 (above MA30).
Targets:
$29.00 (first target near the 60D low) and
$28.50 (second target below the low).
Monitor for any reversal signals as price approaches these levels.
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