ROIVANT SCIENCES LTD (ROIV) Stock Technical Analysis
USA - NASDAQ:ROIV - BMG762791017 - Common Stock
Taking everything into account, ROIV scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROIV is showing a nice and steady performance.
Although ROIV has an excellent technical rating, it does not offer a high quality setup 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
10.61
4 important support areas can be observed.
- Support @12.72 from a trend line in the daily time frame.
- Support @11.62 from a horizontal line in the daily time frame.
- Support @11.27 from a horizontal line in the weekly time frame.
- Support @10.72 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 ROIV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROIV is up. |
| ChartMill Relative Strength | 95.52 | POSITIVE | ROIV has a high relative strength, it outperformed 95.52% off all stocks 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) | UP | POSITIVE | The current price of ROIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.39 | OVERBOUGHT | The high RSI value suggests ROIV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ROIV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.64 | OVERBOUGHT | The high Stochastics value suggests ROIV may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ROIV suggests some volalility. |
| Average Directional Index/ADX (14) | 62.48 | POSITIVE | The high ADX value value for ROIV suggests a strong trend. |
20.62
+0.05 (+0.24%)
ROIVANT SCIENCES LTD / ROIV FAQ
What is the ChartMill technical rating of ROIVANT SCIENCES LTD (ROIV) stock?
ChartMill assigns a technical rating of 9 / 10 to ROIV.
What is the current trend direction of ROIVANT SCIENCES LTD (ROIV) stock?
The current trend direction for ROIVANT SCIENCES LTD (ROIV) is Bullish.
What is the RSI signal for ROIVANT SCIENCES LTD (ROIV) stock?
ROIVANT SCIENCES LTD (ROIV) has an RSI value of 83.3905. This indicates that the stock is currently overbought.
What is the MACD signal for ROIVANT SCIENCES LTD (ROIV) stock?
The MACD indicator for ROIVANT SCIENCES LTD (ROIV) has a value of 0.104903, indicating a bearish trend.
Can you provide the support and resistance levels for ROIVANT SCIENCES LTD?
ROIVANT SCIENCES LTD (ROIV) has a support level at 12.72. Check the full technical report for our detailed analysis of ROIV support and resistance levels.