ROIVANT SCIENCES LTD (ROIV) Stock Technical Analysis
NASDAQ:ROIV • BMG762791017
We assign a technical rating of 10 out of 10 to ROIV. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ROIV did better than 96% of all other stocks. We also observe that the gains produced by ROIV over the past year are nicely spread over this period.
- ROIV is part of the Biotechnology industry. There are 523 other stocks in this industry. ROIV outperforms 89% of them.
- ROIV 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.
- In the last month ROIV has a been trading in the 20.98 - 27.94 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ROIV has an average volume of 7462360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ROIV has an excellent technical rating, it does not present a decent entry opportunity 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
21.09
We found 1 important support area.
- A support zone ranging from 21.30 to 21.56. This zone is formed by a combination of multiple trend lines 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 | 96.9 | POSITIVE | ROIV has a high relative strength, it outperformed 96.9% 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) | 69.44 | NEUTRAL | The RSI value for ROIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests ROIV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.02 | OVERBOUGHT | The high Stochastics value suggests ROIV may be overbought. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ROIV suggests some volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for ROIV suggests a possible start of a new trend. |
26.75
-0.05 (-0.19%)
ROIVANT SCIENCES LTD / ROIV FAQ
What is the ChartMill technical rating of ROIVANT SCIENCES LTD (ROIV) stock?
ChartMill assigns a technical rating of 10 / 10 to ROIV.
What is the trend direction for 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 69.4418. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ROIVANT SCIENCES LTD?
The MACD indicator for ROIVANT SCIENCES LTD (ROIV) has a value of 0.521225, indicating a bearish trend.
What is the support and resistance level for ROIV stock?
ROIVANT SCIENCES LTD (ROIV) has a support level at 21.56. Check the full technical report for our detailed analysis of ROIV support and resistance levels.