Overall ROIC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ROIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
ROIC has an excellent technical rating and 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 17.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.24
4 important support areas can be observed.
- A support zone ranging from 17.22 to 17.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.43 from a trend line in the daily time frame.
- Support @15.05 from a horizontal line in the daily time frame.
- Support @13.37 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.50 to 17.51. 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 ROIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROIC is up. |
| ChartMill Relative Strength | 85 | POSITIVE | ROIC has a high relative strength, it outperformed 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.15 | NEUTRAL | The RSI value for ROIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ROIC has a negative trend. |
| Stochastics (14,3) | 90.48 | OVERBOUGHT | The high Stochastics value suggests ROIC may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for ROIC suggests low volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for ROIC 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 |
|---|---|---|---|
| 17.52 | 17.42 | 0.10 (0.57%) | 25.00% |
| An entry @17.52. This is a Buy Stop order right above the resistance zone. | An exit @17.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 0.57%. | For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
17.49
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RETAIL OPPORTUNITY INVESTMEN / ROIC FAQ
What is the ChartMill technical rating of RETAIL OPPORTUNITY INVESTMEN (ROIC) stock?
ChartMill assigns a technical rating of 10 / 10 to ROIC.
What is the trend direction for ROIC stock?
The current trend direction for RETAIL OPPORTUNITY INVESTMEN (ROIC) is Bullish.
What is the RSI signal for ROIC stock?
RETAIL OPPORTUNITY INVESTMEN (ROIC) has an RSI value of 61.1548. This indicates that the stock is currently neutral.
What is the buy/sell signal for ROIC stock?
The buy/sell signal for RETAIL OPPORTUNITY INVESTMEN (ROIC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for RETAIL OPPORTUNITY INVESTMEN?
RETAIL OPPORTUNITY INVESTMEN (ROIC) has a support level at 17.48 and a resistance level at 17.5. Check the full technical report for our detailed analysis of ROIC support and resistance levels.