We assign a technical rating of 0 out of 10 to ROAD. 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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 109.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ROAD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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81.41
3 important support areas can be observed.
- A support zone ranging from 103.02 to 105.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Support @82.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.00 to 110.63. 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 | 37.14 | NEUTRAL | ROAD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ROAD is above 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) | 47.19 | NEUTRAL | The RSI value for ROAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests ROAD has a positive trend. |
| Stochastics (14,3) | 61.63 | NEUTRAL | The Stochastics value for ROAD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ROAD suggests some volalility. |
| Average Directional Index/ADX (14) | 28.38 | POSITIVE | The high ADX value value for ROAD suggests a strong trend. |
106.54
+2.94 (+2.84%)
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 47.1924. 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 105.87 and a resistance level at 109. Check the full technical report for our detailed analysis of ROAD support and resistance levels.