ROGERS CORP (ROG) Technical Analysis
NYSE:ROG • US7751331015
We assign a technical rating of 8 out of 10 to ROG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ROG has a been trading in the 99.84 - 112.81 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, ROG did better than 83% of all other stocks.
- ROG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ROG is performing more or less in line with the market.
- ROG is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 61% of 124 stocks in the same industry.
ROG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 107.83. Right above this resistance zone may be a good entry point.
More info and screens
73.27
When analyzing the support we can see 5 important areas.
- Support @103.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 91.57 to 92.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.48 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 107.83 to 108.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 111.11 to 111.91. 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 ROG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ROG is neutral. |
| ChartMill Relative Strength | 83.51 | POSITIVE | ROG has a high relative strength, it outperformed 83.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROG is below a declining 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) | 48.45 | NEUTRAL | The RSI value for ROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests ROG has a negative trend. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for ROG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ROG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.43 | 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 |
|---|---|---|---|
| 108.44 | 103.57 | 4.87 (4.49%) | 22.27% |
| An entry @108.44. This is a Buy Stop order right above the resistance zone. | An exit @103.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.87 points, which is 4.49%. | When investing 22.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ROG Technicals: Chart, Performance Metrics, Trend & Indicators
104.77
+1.19 (+1.15%)
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 48.4541. 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 neutral.
Can you provide the support and resistance levels for ROGERS CORP?
ROGERS CORP (ROG) has a support level at 103.58 and a resistance level at 107.83. Check the full technical report for our detailed analysis of ROG support and resistance levels.