ROCKWELL AUTOMATION INC (ROK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ROK - US7739031091 - Common Stock
We assign a technical rating of 9 out of 10 to ROK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROK is showing a nice and steady performance.
ROK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 414.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 403.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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329.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 389.05 to 403.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @354.31 from a trend line in the daily time frame.
- Support @339.52 from a horizontal line in the daily time frame.
- Support @333.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 414.14 to 414.14. 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 ROK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROK is up. |
| ChartMill Relative Strength | 88.43 | POSITIVE | ROK has a high relative strength, it outperformed 88.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.06 | NEUTRAL | The RSI value for ROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests ROK has a positive trend. |
| Stochastics (14,3) | 76.49 | NEUTRAL | The Stochastics value for ROK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ROK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for ROK suggests a weak or negative 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 |
|---|---|---|---|
| 414.15 | 388.80 | 25.35 (6.12%) | 16.34% |
| An entry @414.15. This is a Buy Stop order right above the resistance zone. | An exit @388.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 25.35 points, which is 6.12%. | When investing 16.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
414.13
+3.6 (+0.88%)
ROCKWELL AUTOMATION INC / ROK FAQ
Can you provide the ChartMill technical rating for ROCKWELL AUTOMATION INC?
ChartMill assigns a technical rating of 9 / 10 to ROK.
What is the trend direction for ROK stock?
The current trend direction for ROCKWELL AUTOMATION INC (ROK) is Bullish.
What is the RSI signal for ROCKWELL AUTOMATION INC (ROK) stock?
ROCKWELL AUTOMATION INC (ROK) has an RSI value of 62.0635. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ROCKWELL AUTOMATION INC?
The MACD indicator for ROCKWELL AUTOMATION INC (ROK) has a value of 0.759938, indicating a bearish trend.
What is the support and resistance level for ROK stock?
ROCKWELL AUTOMATION INC (ROK) has a support level at 403.35 and a resistance level at 414.14. Check the full technical report for our detailed analysis of ROK support and resistance levels.