Technicals are bearish (Price < 200D SMA, negative MACD) and momentum is weak (-5.98%). The stock is currently testing resistance at $16.56; a failure here likely leads to a retest of support at $15.27. Despite attractive forward valuation (14.5x F-PE), current levels offer poor risk/reward. Wait for a pullback to $15.27 or a breakout above $17.10.