ROCKWELL AUTOMATION INC (ROK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ROK - US7739031091 - Common Stock
We assign a technical rating of 10 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 and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 398.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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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325.38
4 important support areas can be observed.
- A support zone ranging from 389.53 to 398.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 377.20 to 380.34. 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.
- 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.
- Resistance @413.06 from a horizontal line 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 ROK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROK is up. |
| ChartMill Relative Strength | 87.37 | POSITIVE | ROK has a high relative strength, it outperformed 87.37% 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) | 55.72 | NEUTRAL | The RSI value for ROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.1 | NEGATIVE | The MACD value suggests ROK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.99 | NEUTRAL | The Stochastics value for ROK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ROK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for ROK suggests a strong 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 |
|---|---|---|---|
| 400.75 | 389.52 | 11.23 (2.80%) | 25.00% |
| An entry @400.75. This is a Buy Stop order right above the 10 day moving average. | An exit @389.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.23 points, which is 2.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROK. Please evaluate whether better entry and exit points can be found.
- 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.
398.6
+2.73 (+0.69%)
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 55.7208. 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.