ROGERS CORP (ROG) Stock Technical Analysis
NYSE:ROG • US7751331015
Overall ROG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ROG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ROG did better than 85% of all other stocks.
- 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.
- 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.
- ROG is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ROG did better than 62% of them.
Besides having an excellent technical rating, ROG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 105.95, 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 105.73 to 105.95. 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 98.84 to 100.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.90 from a horizontal line in the daily time frame.
- Support @90.43 from a trend 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.
We can see 2 important resistance areas.
- Resistance @107.84 from a horizontal line in the weekly time frame.
- Resistance @111.11 from a horizontal line 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 | UP | POSITIVE | The short term trend for ROG is up. |
| ChartMill Relative Strength | 85.71 | POSITIVE | ROG has a high relative strength, it outperformed 85.71% 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) | 56.95 | 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. |
| Stochastics (14,3) | 61.69 | NEUTRAL | The Stochastics value for ROG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ROG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.95 | 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 |
|---|---|---|---|
| 107.85 | 105.72 | 2.13 (1.97%) | 25.00% |
| An entry @107.85. This is a Buy Stop order right above the resistance zone. | An exit @105.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.13 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- 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.
107.83
-0.5 (-0.46%)
ROGERS CORP / ROG FAQ
Can you provide the ChartMill technical rating for ROGERS CORP?
ChartMill assigns a technical rating of 10 / 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 56.9507. 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 105.95 and a resistance level at 107.84. Check the full technical report for our detailed analysis of ROG support and resistance levels.