CONSTRUCTION PARTNERS INC-A (ROAD) Stock Technical Analysis
USA - NASDAQ:ROAD - US21044C1071 - Common Stock
Taking everything into account, ROAD scores 0 out of 10 in our technical rating. ROAD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ROAD has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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82.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 104.45 to 105.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.09 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 112.75 to 114.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ROAD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROAD is down. |
| ChartMill Relative Strength | 38.84 | NEUTRAL | ROAD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROAD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROAD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROAD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.38 | NEUTRAL | The RSI value for ROAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests ROAD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.6 | NEUTRAL | The Stochastics value for ROAD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ROAD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.27 | NEUTRAL | The ADX value for ROAD suggests a possible start of a new trend. |
105.31
+0.86 (+0.82%)
CONSTRUCTION PARTNERS INC-A / ROAD FAQ
Can you provide the ChartMill technical rating for CONSTRUCTION PARTNERS INC-A?
ChartMill assigns a technical rating of 0 / 10 to ROAD.
What is the current trend direction of CONSTRUCTION PARTNERS INC-A (ROAD) stock?
The current trend direction for CONSTRUCTION PARTNERS INC-A (ROAD) is Bearish.
What is the RSI signal for ROAD stock?
CONSTRUCTION PARTNERS INC-A (ROAD) has an RSI value of 35.3768. This indicates that the stock is currently neutral.
What are the support and resistance levels for CONSTRUCTION PARTNERS INC-A (ROAD) stock?
CONSTRUCTION PARTNERS INC-A (ROAD) has a support level at 105.3 and a resistance level at 112.75. Check the full technical report for our detailed analysis of ROAD support and resistance levels.