ROCKWELL AUTOMATION INC (ROK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ROK - US7739031091 - Common Stock
We assign a technical rating of 8 out of 10 to ROK. Both in the recent history as in the last year, ROK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ROK 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.
- Looking at the yearly performance, ROK did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ROK is part of the Electrical Equipment industry. There are 91 other stocks in this industry, ROK did better than 70% of them.
- In the last month ROK has a been trading in the 388.81 - 425.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ROK 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.
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325.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 389.06 to 396.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @355.94 from a trend line in the daily time frame.
- A support zone ranging from 328.67 to 333.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 412.58 to 421.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ROK is neutral. |
| ChartMill Relative Strength | 87.45 | POSITIVE | ROK has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ROK is below 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) | 49.99 | NEUTRAL | The RSI value for ROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ROK has a negative trend. |
| Stochastics (14,3) | 66.7 | NEUTRAL | The Stochastics value for ROK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ROK suggests low volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for ROK suggests a weak or negative trend. |
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-11.52 (-2.77%)
ROCKWELL AUTOMATION INC / ROK FAQ
Can you provide the ChartMill technical rating for ROCKWELL AUTOMATION INC?
ChartMill assigns a technical rating of 8 / 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 49.9946. 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 -0.00932104, indicating a bearish trend.
What is the support and resistance level for ROK stock?
ROCKWELL AUTOMATION INC (ROK) has a support level at 396.13 and a resistance level at 412.58. Check the full technical report for our detailed analysis of ROK support and resistance levels.