ROIVANT SCIENCES LTD (ROIV) Stock Technical Analysis
NASDAQ:ROIV - Nasdaq - BMG762791017 - Common Stock - Currency: USD
Taking everything into account, ROIV scores 6 out of 10 in our technical rating. ROIV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ROIV has an average volume of 6351850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ROIV turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
ROIV is an average performer in the Biotechnology industry, it outperforms 65% of 558 stocks in the same industry.
ROIV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ROIV is lagging the market.
In the last month ROIV has a been trading in the 10.71 - 11.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ROIV has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.58
12.85
3 important support areas can be observed.
- A support zone ranging from 11.62 to 11.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.64 to 11.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.60 to 12.72. 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 | NEUTRAL | NEUTRAL | The long term trend for ROIV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROIV is up. |
| ChartMill Relative Strength | 58.31 | NEUTRAL | ROIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ROIV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.58 | NEUTRAL | The RSI value for ROIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ROIV has a positive trend. |
| Stochastics (14,3) | 73.42 | NEUTRAL | The Stochastics value for ROIV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ROIV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for ROIV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 11.66 | 11.61 | 0.05 (0.43%) | 25.00% |
| An entry @11.66. This is a Buy Stop order right above the 10 day high. | An exit @11.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 0.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROIV. 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.
11.63
+0.27 (+2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.38%
1 Week8.29%
2 Weeks2.11%
1 Month1.39%
3 Month14.58%
6 Month4.3%
12 Month5.73%
2 Year-2.92%
3 Year192.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%2.84%
ATR Inc3.81%
Range Today0.35
ADR(20)0.32
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.31
Mansfield-0.44
10 Day High11.65
10 Day Low10.71
20 Day High11.82
20 Day Low10.71
52 Week High13.06
52 Week Low8.73
CS1 End11.62
CR1 Start12.6
Volume & EV
DER(3)2.62%
DER(5)3.99%
Volume4.77M
Volume Incr3.97%
Vol(5)7.56M
Vol(50)6.35M