Overall ROAD gets a technical rating of 3 out of 10. ROAD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ROAD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 115.04. Right above this resistance zone may be a good entry point.
More info and screens
99.43
We found 4 important support areas.
- Support @114.45 from a trend line in the daily time frame.
- A support zone ranging from 107.00 to 112.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.87 from a trend line in the weekly time frame.
- A support zone ranging from 100.43 to 101.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 115.04 to 115.33. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for ROAD is neutral. |
| ChartMill Relative Strength | 67.98 | NEUTRAL | ROAD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROAD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ROAD is above 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) | 57.94 | NEUTRAL | The RSI value for ROAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ROAD has a positive trend. |
| Stochastics (14,3) | 61.93 | NEUTRAL | The Stochastics value for ROAD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ROAD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.71 | NEGATIVE | The low ADX value for ROAD suggests a weak or negative trend. |
115.03
+2.73 (+2.43%)
CONSTRUCTION PARTNERS INC-A / ROAD FAQ
Can you provide the ChartMill technical rating for CONSTRUCTION PARTNERS INC-A?
ChartMill assigns a technical rating of 3 / 10 to ROAD.
What is the trend direction for 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 57.9392. This indicates that the stock is currently neutral.
What is the support and resistance level for ROAD stock?
CONSTRUCTION PARTNERS INC-A (ROAD) has a support level at 114.45 and a resistance level at 115.04. Check the full technical report for our detailed analysis of ROAD support and resistance levels.