ROIVANT SCIENCES LTD (ROIV) Stock Technical Analysis
NASDAQ:ROIV - Nasdaq - BMG762791017 - Common Stock - Currency: USD
Taking everything into account, ROIV scores 5 out of 10 in our technical rating. ROIV has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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 is part of the Biotechnology industry. There are 558 other stocks in this industry. ROIV outperforms 77% of them.
ROIV has an average volume of 6387780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ROIV outperforms 67% of them, which is more or less in line with the market.
ROIV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ROIV is lagging the market slightly.
In the last month ROIV has a been trading in the 10.58 - 11.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ROIV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.27. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ROIV in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.49
12.84
3 important support areas can be observed.
- Support @11.20 from a trend line in the weekly time frame.
- A support zone ranging from 10.62 to 10.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.59 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.27 to 11.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.50 to 12.71. 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 | 67.79 | NEUTRAL | ROIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ROIV is above a declining 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 | NEGATIVE | The current price of ROIV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.89 | 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) | 71.15 | NEUTRAL | The Stochastics value for ROIV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for ROIV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.63 | 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)
11.245
+0.07 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.67%
1 Week4.51%
2 Weeks3.74%
1 Month-2.81%
3 Month5.69%
6 Month-9.02%
12 Month7.4%
2 Year11.56%
3 Year176.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.99%
ATR Inc-2.38%
Range Today0.23
ADR(20)0.33
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.79
Mansfield-0.38
10 Day High11.36
10 Day Low10.59
20 Day High11.54
20 Day Low10.58
52 Week High13.06
52 Week Low8.73
CS1 End11.2
CR1 Start11.27
Volume & EV
DER(3)3.65%
DER(5)2.9%
Volume5.10M
Volume Incr37.01%
Vol(5)6.91M
Vol(50)6.39M