VICI PROPERTIES INC (NYSE:VICI) has been identified as a potential breakout candidate by our technical screening process. The stock combines a solid technical foundation with a high-quality setup pattern, making it worth a closer look for traders.
Technical Strength
VICI currently holds a Technical Rating of 7, indicating a favorable trend across both short and long-term timeframes. Key observations from the technical report include:
- The stock is in a positive trend, supported by rising short and medium-term moving averages.
- It has outperformed 72% of the market over the past year, though recent performance has been more subdued.
- Trading volume remains healthy, averaging over 6.5 million shares daily, ensuring liquidity.
Setup Quality
With a Setup Rating of 9, VICI presents a compelling consolidation pattern:
- Prices have been trading in a tight range between $31.01 and $32.84 over the past month.
- A recent Pocket Pivot signal suggests accumulation by larger investors.
- Support is well-defined near $32.18, providing a clear stop-loss level.
- Resistance sits just above the current price at $32.61, offering a potential breakout entry point.
Trading Considerations
A breakout above $32.62 could signal further upside, while a stop-loss below $31.50 limits downside risk. The trade setup carries a manageable risk of 3.43%, making it an attractive proposition for technical traders.
For more breakout opportunities, explore our Technical Breakout Setups screener.
Disclaimer
This is not investment advice. Always conduct your own analysis before making trading decisions.
