VICI Properties Inc (NYSE:VICI) Shows Strong Technical Setup

Technical breakout investing focuses on identifying stocks with strong trends that are consolidating before their next potential move. Traders look for stocks with solid technical health and tight price action, signaling a possible breakout. VICI Properties Inc (NYSE:VICI) currently fits this profile, presenting an opportunity for investors tracking technical setups.

Technical Strength and Setup

VICI Properties Inc (NYSE:VICI) has a Technical Rating of 8 and a Setup Rating of 8, indicating both strong trend health and a favorable consolidation pattern. The stock has outperformed 84% of the market over the past year, reinforcing its position as a leader in the Specialized REITs industry.

Key observations from the technical analysis report:

• Trend: The long-term trend remains positive, while the short-term trend is neutral.
• Support & Resistance: Four key support zones are identified, with the strongest ranging from $31.38 to $31.91. Resistance is noted between $32.23 and $32.61.
• Volume & Liquidity: Average daily volume of 8.28 million shares ensures good liquidity.
• Pattern: The stock is forming a bull flag, a bullish continuation pattern after a strong upward move.

Potential Trade Setup

The report suggests a possible entry at $32.62, just above resistance, with a stop-loss at $31.68. This setup offers a risk of 2.87%, making it a controlled trade opportunity.

For more breakout candidates, check the Technical Breakout Setups Screen.