ROLLINS INC (NYSE:ROL) Reveals Intriguing Technical Aspects. Here's What You Need to Know.

We've identified ROLLINS INC (NYSE:ROL) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:ROL for further developments.

In-Depth Technical Analysis of NYSE:ROL

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 10 out of 10 to ROL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROL is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, ROL did better than 82% of all other stocks. We also observe that the gains produced by ROL over the past year are nicely spread over this period.
• ROL is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 73% of 84 stocks in the same industry.
• ROL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ROL is lagging the market slightly.
• In the last month ROL has a been trading in a tight range between 42.48 and 44.43.

Check the latest full technical report of ROL for a complete technical analysis.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:ROL has a 9 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, ROL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How can NYSE:ROL be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.