Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>URBN stock price formed a tweezer bottom candlestick on the trendline.</a> </li> 
 <li> <span>2</span> <a>Buyers are interested in stretching the gains toward the round mark of $50.</a> </li> 
</ul> 
<p>Urban Outfitters Inc. (URBN stock) price is trading in the bull trajectory and has shown a range breakout in the past sessions. Moreover, the price action showcased the bull dominance and suggested that the rally would extend toward $50 soon. Furthermore, the chart shows a tweezer bottom candlestick formed on the lower trendline, and a follow-on buying was noted.</p> 
<p>Additionally, URBN stock is preparing to surpass the immediate swing of $40 and will carry forward the gains toward $50 in the subsequent trading sessions. However, buyers have retested the lower trendline post-range breakout and are now ready to extend the buying momentum toward the upper trajectory of $50 in the following sessions.</p> 
<p>URBN stock price is trading in an uptrend, slowly &amp; steadily smashing the clusters. Moreover, the buyers have continued adding long build-ups and are keen to reach $50 in the following sessions. Sellers have capitulated, and started covering their positions, which may lead to a short covering phase. URBN stock is likely to stretch the bull run. URBN share price has persisted in showing the muscles.</p> 
<p>At press time, URBN stock price is trading at $34.07 with an intraday gain of 1.76%, showing bullishness on the charts. Moreover, the trading volume increased by 1.87% to 4.964 Million, the market cap is $3.161 Billion. However, analysts maintained a neutral rating with a yearly target price of $38.73, suggesting volatility may continue in the following sessions.</p> 
<p>Urban Outfitters, Inc. operates a general consumer product retail and wholesale business selling to customers through various channels, including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale, and Subscription. The Retail segment contains the Anthropologie, BHLDN, Free People, Terrain, and Urban Outfitters brands and its Food and Beverage division. The Wholesale segment designs, develops, and markets apparel, intimates, activewear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-urbn-stock-price-action-suggests-bullishness-on-daily-charts-strong"><strong>URBN Stock Price Action Suggests Bullishness on Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/VH9hoOBaCH07jDmJsXTDUYUX2P97AYoaeiwU1Qd_ETYBKi60iGCfHjA9rIDoWPlYyYIxju65_vU07PlOU6LfZB24_f2gcUFdknBErpBFZ0FXHCZ7XTEYMKBGfBhMTKit0Byaw1fwlJcTjhFO6HAK_2I" alt="URBN Stock (NASDAQ: URBN) Crossed 20-Day EMA: Will it Reach $50?"> 
  <figcaption class="wp-element-caption">
    Source: URBN Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, URBN stock price has persisted in extending the gains and showing buyers’ interest for the past sessions. However, the <a href="https://www.thecoinrepublic.com/2023/09/16/bkng-stock-price-prediction-can-bkng-conquer-the-3300-mark/" rel="noopener noreferrer nofollow">URBN share price </a>failed to surpass the 61.8% Fib zone, retested the 50% neckline near $30, and showed a tweezer bottom followed by a bullish engulfing candlestick, suggesting a reversal and the intent of reaching the round mark of $50.</p> 
<p>The RSI curve stayed near neutrality and showed a bullish divergence, suggesting a significant upside for the following sessions.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Urban Outfitters Inc. (URBN stock) price is trading in an uptrend and retested the lower trendline in the past sessions. Furthermore, the price action showcased a glimpse of bullishness, suggesting follow-up buying is likely and that URBN stock is likely to reach $50 soon. Additionally, the trend is strong, and buyers have persisted in accumulating the stock, showing their buying interest, which is a positive sign for the long term.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $30 and $25</p> 
<p><strong>Resistance Levels</strong>: $40 and $50</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

URBN Stock (NASDAQ: URBN) Crossed 20-Day EMA: Will it Reach $50?

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Thecoinrepublic.com

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