Nov. 14 at 4:12 AM
$ZION: The last close at
$50.91 indicates a bearish context, with the RSI at 34.46, suggesting the stock is nearing oversold conditions. The price is below the 30-day moving average (MA30) of
$52.79 and the 50-day moving average (MA50) of
$54.6, indicating a downtrend. The recent high of
$59.4 and low of
$46.19 over the last 60 days shows significant volatility, with the current price closer to the low end of this range.
Directional bias leans bearish due to the RSI and moving averages. Suggested entry could be around
$50.50, with a stop loss at
$49.50 to limit risk. Target 1 can be set at
$52.00, aligning with the MA30, while Target 2 can be at
$54.00, near the MA50. This plan allows for potential recovery while managing downside risk.
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