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. 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.
- The long and short term trends are both positive. This is looking good!
- ROG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ROG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, ROG outperforms 58% of them, which is more or less in line with the market.
- ROG is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ROG did better than 55% of them.
Besides having an excellent technical rating, ROG also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 91.97, a Stop Loss order could be placed below this zone.
More info and screens
73.27
We found 5 important support areas.
- A support zone ranging from 91.11 to 91.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.38 from a trend line in the weekly time frame.
- Support @81.77 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.
When analyzing the resistance we notice one important area.
- Resistance @99.09 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 | 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 | 58.65 | 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) | 59.55 | NEUTRAL | The RSI value for ROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ROG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.31 | NEUTRAL | The Stochastics value for ROG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ROG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.13 | POSITIVE | The high ADX value value for ROG suggests a strong 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 |
|---|---|---|---|
| 99.10 | 91.86 | 7.24 (7.31%) | 13.69% |
| An entry @99.10. This is a Buy Stop order right above the resistance zone. | An exit @91.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.24 points, which is 7.31%. | When investing 13.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
98.25
-2.09 (-2.08%)
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 59.5465. 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 91.97 and a resistance level at 99.09. Check the full technical report for our detailed analysis of ROG support and resistance levels.