ROAD Technical Analysis - CONSTRUCTION PARTNERS INC-A

Technical Rating and Analysis

Taking everything into account, ROAD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ROAD has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that ROAD is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, ROAD also shows a nice and consistent pattern of rising prices.

ROAD is part of the Construction & Engineering industry. There are 53 other stocks in this industry. ROAD outperforms 84% of them.

ROAD 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 ROAD is lagging the market slightly.

In the last month ROAD has a been trading in the 115.00 - 138.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

CONSTRUCTION PARTNERS INC-A / ROAD Weekly stock chart

CONSTRUCTION PARTNERS INC-A / ROAD Daily stock chart

Setup Rating and Analysis

Although ROAD has an excellent technical rating, it does not present a decent entry opportunity 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

78.82

129.28

When analyzing the support we can see 5 important areas.

A support zone ranging from 127.60 to 127.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 115.47 to 116.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @107.29 from a trend line in the weekly time frame.
Support @104.01 from a trend line in the daily time frame.
Support @79.62 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for ROAD is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ROAD is up.
ChartMill Relative Strength	91.74	POSITIVE	ROAD has a high relative strength, it outperformed 91.74% off all stocks 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)	UP	POSITIVE	The current price of ROAD is above the rising 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)	57.29	NEUTRAL	The RSI value for ROAD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests ROAD has a negative trend.
Stochastics (14,3)	47.22	NEUTRAL	The Stochastics value for ROAD is a neutral value.
Average True Range in percent/ATR (20)	3.36	MEDIUM VOLATILITY	The ATR as a percentage value for ROAD suggests some volalility.
Average Directional Index/ADX (14)	27.13	POSITIVE	The high ADX value value for ROAD suggests a strong trend.