Ascending Channel:
The stock is trending within an upward-sloping channel, with the price currently near the middle.
The orange trendlines indicate potential support and resistance levels.
Key Support and Resistance:
The lower trendline has acted as strong support multiple times (circled in red).
If history repeats, the price could bounce from this level and move toward the upper trendline.
Moving Averages (MA 50 & 200):
The 50-day moving average (red line) and 200-day moving average (green line) provide additional support and resistance.
The price is fluctuating around these levels, indicating a consolidation phase before a potential breakout.
RSI Divergence & Momentum:
The Relative Strength Index (RSI) at the bottom suggests periods of overbought (bear signals) and oversold (bull signals) conditions.
Currently, RSI is around 63.69, meaning there is still room for upward movement before becoming overbought.
Potential Price Action:
The green arrow suggests a bullish outlook if support holds, potentially leading to a breakout towards the upper resistance.
A break below the lower trendline could signal a bearish reversal.
The stock is trending within an upward-sloping channel, with the price currently near the middle.
The orange trendlines indicate potential support and resistance levels.
Key Support and Resistance:
The lower trendline has acted as strong support multiple times (circled in red).
If history repeats, the price could bounce from this level and move toward the upper trendline.
Moving Averages (MA 50 & 200):
The 50-day moving average (red line) and 200-day moving average (green line) provide additional support and resistance.
The price is fluctuating around these levels, indicating a consolidation phase before a potential breakout.
RSI Divergence & Momentum:
The Relative Strength Index (RSI) at the bottom suggests periods of overbought (bear signals) and oversold (bull signals) conditions.
Currently, RSI is around 63.69, meaning there is still room for upward movement before becoming overbought.
Potential Price Action:
The green arrow suggests a bullish outlook if support holds, potentially leading to a breakout towards the upper resistance.
A break below the lower trendline could signal a bearish reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.