Should be possible, have testes this ingame with the following scripts in chat:
Code:
/script ZO_ReticleContainerStealthIconStealthText:ClearAnchors()
/script ZO_ReticleContainerStealthIconStealthText:SetAnchor(CENTER, ZO_ReticleContainerStealthIcon, CENTER, 0, 200)
Will clear the old anchors and move the text control 300 pixels down.
You can play around with the 2nd line's value x=0 and y=200 a bit to find your best position.
But this is only for etsting. If you want to always have this you'd need to rebuild one of these addons to not hide, but move the text instead, each time the reticle changes/updates it's state.
Will create a small addon for this