ROGERS CORP (ROG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ROG - US7751331015 - Common Stock
Overall ROG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ROG is only an average performer.
ROG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 93.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.56, a Stop Loss order could be placed below this zone.
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73.27
6 important support areas can be observed.
- A support zone ranging from 91.54 to 91.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @83.94 from a trend line in the weekly time frame.
- Support @79.65 from a trend line in the daily time frame.
- Support @78.35 from a horizontal line in the weekly time frame.
- Support @76.92 from a horizontal line in the daily time frame.
- Support @74.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 93.24 to 94.67. 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 | UP | POSITIVE | The long term trend for ROG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROG is up. |
| ChartMill Relative Strength | 46.44 | NEUTRAL | ROG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.17 | NEUTRAL | The RSI value for ROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests ROG has a negative trend. |
| Stochastics (14,3) | 70.76 | NEUTRAL | The Stochastics value for ROG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ROG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for ROG suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 94.68 | 91.53 | 3.15 (3.33%) | 25.00% |
| An entry @94.68. This is a Buy Stop order right above the resistance zone. | An exit @91.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.15 points, which is 3.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
91.57
-1.98 (-2.12%)
ROGERS CORP / ROG FAQ
Can you provide the ChartMill technical rating for ROGERS CORP?
ChartMill assigns a technical rating of 8 / 10 to ROG.
What is the current trend direction of ROGERS CORP (ROG) stock?
The current trend direction for ROGERS CORP (ROG) is Bullish.
Can you provide the RSI signal for ROGERS CORP?
ROGERS CORP (ROG) has an RSI value of 55.1667. This indicates that the stock is currently neutral.
What is the short term momentum for ROG stock?
The short term momentum for ROGERS CORP (ROG) is positive.
Can you provide the support and resistance levels for ROGERS CORP?
ROGERS CORP (ROG) has a support level at 91.56 and a resistance level at 93.24. Check the full technical report for our detailed analysis of ROG support and resistance levels.