ROGERS CORP (ROG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ROG • US7751331015
We assign a technical rating of 8 out of 10 to ROG. Although ROG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ROG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, ROG did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- ROG is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 57% of 123 stocks in the same industry.
- In the last month ROG has a been trading in the 91.87 - 103.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ROG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 100.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 98.12, a Stop Loss order could be placed below this zone.
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73.27
We found 6 important support areas.
- A support zone ranging from 97.62 to 98.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 91.57 to 92.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @88.00 from a trend line in the weekly time frame.
- Support @81.63 from a trend line in the daily 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.
We found 1 important resistance area.
- A resistance zone ranging from 100.51 to 100.89. This zone is formed by a combination of multiple trend lines 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 | 77.14 | POSITIVE | ROG has a high relative strength, it outperformed 77.14% off all stocks 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) | 59.83 | NEUTRAL | The RSI value for ROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ROG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.16 | NEUTRAL | The Stochastics value for ROG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ROG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for ROG suggests a weak or negative 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 |
|---|---|---|---|
| 100.90 | 97.61 | 3.29 (3.26%) | 25.00% |
| An entry @100.90. This is a Buy Stop order right above the resistance zone. | An exit @97.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.29 points, which is 3.26%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
100.5
+2.5 (+2.55%)
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 59.8309. 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 98.12 and a resistance level at 100.51. Check the full technical report for our detailed analysis of ROG support and resistance levels.