ROCKWELL AUTOMATION INC (ROK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ROK - US7739031091 - Common Stock
Taking everything into account, ROK scores 10 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, ROK is showing a nice and steady performance.
Although ROK 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.
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329.90
4 important support areas can be observed.
- A support zone ranging from 380.35 to 385.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 359.85 to 369.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @339.52 from a horizontal line in the daily time frame.
- Support @333.23 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 404.30 to 404.30. 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 | 88.41 | POSITIVE | ROK has a high relative strength, it outperformed 88.41% 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) | 68.45 | NEUTRAL | The RSI value for ROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.49 | POSITIVE | The MACD value suggests ROK has a positive trend. |
| Stochastics (14,3) | 95.86 | OVERBOUGHT | The high Stochastics value suggests ROK may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ROK suggests some volalility. |
| Average Directional Index/ADX (14) | 31.72 | POSITIVE | The high ADX value value for ROK suggests a strong trend. |
404.29
+0.4 (+0.1%)
ROCKWELL AUTOMATION INC / ROK FAQ
Can you provide the ChartMill technical rating for ROCKWELL AUTOMATION INC?
ChartMill assigns a technical rating of 10 / 10 to ROK.
What is the current trend direction of ROCKWELL AUTOMATION INC (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 68.4514. This indicates that the stock is currently neutral.
What is the short term momentum for ROCKWELL AUTOMATION INC (ROK) stock?
The short term momentum for ROCKWELL AUTOMATION INC (ROK) is positive.
What is the buy/sell signal for ROCKWELL AUTOMATION INC (ROK) stock?
The buy/sell signal for ROCKWELL AUTOMATION INC (ROK) is buy as both the short term and long term trends are positive.