DAVE Should I Buy

BUY now for a beginner, long-term investor with $50k–$100k. Despite short-term technical weakness, DAVE is trading near key support (~173.42) after a pullback, while fundamentals and Wall Street sentiment are strongly positive (beat-and-raise quarter, big YoY growth, multiple price target hikes). Options positioning is also decisively bullish (very low put/call ratios), supporting a favorable near-term-to-long-term entry even for an impatient buyer.

Trend/Setup: Near-term momentum is still bearish but appears to be stabilizing. MACD histogram is negative (-3.835) but contracting, which often signals selling pressure is fading. RSI_6 at 23.204 indicates the stock is very oversold (despite the provided label), which commonly precedes a rebound attempt. Key levels: Current ~174.89 is just above S1 support 173.42 (important near-term buy zone). If support holds, mean-reversion can target Pivot 188.97 first, then R1 204.51. A clean break below 173.42 increases downside risk toward S2 163.82. Moving averages: Converging MAs suggest the down-move may be losing strength, but trend confirmation likely requires reclaiming the pivot (~189). Intellectia Proprietary Trading Signals: **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.