ROAN RES INC (ROAN) Stock Technical Analysis
USA - NYSE:ROAN -
Taking everything into account, ROAN scores 2 out of 10 in our technical rating. ROAN'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.
Although the technical rating is bad, ROAN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
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1.49
When analyzing the support we notice one important area.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.52 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.70 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ROAN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ROAN is neutral. |
| ChartMill Relative Strength | 7.41 | NEGATIVE | ROAN has a low relative strength, it was outperformed by 92.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ROAN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ROAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for ROAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ROAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests ROAN may be overbought. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for ROAN suggests low volalility. |
NYSE:ROAN (12/5/2019, 8:04:03 PM)
1.52
0 (0%)
ROAN RES INC / ROAN FAQ
What is the technical rating for ROAN stock?
ChartMill assigns a technical rating of 2 / 10 to ROAN.
What is the current trend direction of ROAN RES INC (ROAN) stock?
The current trend direction for ROAN RES INC (ROAN) is Bearish.
What is the RSI signal for ROAN stock?
ROAN RES INC (ROAN) has an RSI value of 53.9274. This indicates that the stock is currently neutral.
What is the short term momentum for ROAN RES INC (ROAN) stock?
The short term momentum for ROAN RES INC (ROAN) is neutral.
Can you provide the support and resistance levels for ROAN RES INC?
ROAN RES INC (ROAN) has a support level at 1.52 and a resistance level at 1.52. Check the full technical report for our detailed analysis of ROAN support and resistance levels.