CONSTRUCTION PARTNERS INC-A (ROAD) Stock Technical Analysis
NASDAQ:ROAD • US21044C1071
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.
- Looking at the yearly performance, ROAD did better than 92% of all other stocks. On top of that, ROAD also shows a nice and consistent pattern of rising prices.
- 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 108.58 - 141.90 range, which is quite wide. It is currently trading near the high of this range.
- ROAD is an average performer in the Construction & Engineering industry, it outperforms 68% of 55 stocks in the same industry.
Although ROAD has an excellent technical rating, the quality of the presented setup is not ideal 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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105.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 130.47 to 131.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 112.69 to 113.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.55 from a horizontal line in the daily time frame.
- A support zone ranging from 106.12 to 106.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @133.94 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 136.74 to 136.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 92.58 | POSITIVE | ROAD has a high relative strength, it outperformed 92.58% 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) | 64.03 | NEUTRAL | The RSI value for ROAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests ROAD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.87 | NEUTRAL | The Stochastics value for ROAD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ROAD suggests some volalility. |
| Average Directional Index/ADX (14) | 24.81 | NEUTRAL | The ADX value for ROAD suggests a possible start of a new trend. |
131.9
+0.69 (+0.53%)
CONSTRUCTION PARTNERS INC-A / ROAD FAQ
Can you provide the ChartMill technical rating for CONSTRUCTION PARTNERS INC-A?
ChartMill assigns a technical rating of 10 / 10 to ROAD.
What is the trend direction for ROAD stock?
The current trend direction for CONSTRUCTION PARTNERS INC-A (ROAD) is Bullish.
What is the RSI signal for ROAD stock?
CONSTRUCTION PARTNERS INC-A (ROAD) has an RSI value of 64.0341. This indicates that the stock is currently neutral.
What is the buy/sell signal for ROAD stock?
The buy/sell signal for CONSTRUCTION PARTNERS INC-A (ROAD) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CONSTRUCTION PARTNERS INC-A (ROAD) stock?
CONSTRUCTION PARTNERS INC-A (ROAD) has a support level at 131.89 and a resistance level at 133.94. Check the full technical report for our detailed analysis of ROAD support and resistance levels.