ROMA Technical Analysis - ROMA GREEN FINANCE LTD

Technical Rating and Analysis

Overall ROMA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROMA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that ROMA is one of the better performing stocks in the market, outperforming 98% of all stocks.

ROMA is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. ROMA outperforms 98% of them.

In the last month ROMA has a been trading in the 1.78 - 3.40 range, which is quite wide. It is currently trading near the high of this range.

ROMA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ROMA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ROMA GREEN FINANCE LTD / ROMA Weekly stock chart

ROMA GREEN FINANCE LTD / ROMA Daily stock chart

Setup Rating and Analysis

Although ROMA 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.86

3.35

2 important support areas can be observed.

Support @2.39 from a trend line in the weekly time frame.
Support @1.88 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 3.30 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 ROMA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ROMA is up.
ChartMill Relative Strength	98.94	POSITIVE	ROMA has a high relative strength, it outperformed 98.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ROMA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ROMA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ROMA is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.18	NEUTRAL	The RSI value for ROMA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests ROMA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	91.03	OVERBOUGHT	The high Stochastics value suggests ROMA may be overbought.
Average True Range in percent/ATR (20)	8.97	HIGH VOLATILITY	The high ATR as a percentage value for ROMA suggests high volalility.
Average Directional Index/ADX (14)	20.93	NEUTRAL	The ADX value for ROMA suggests a possible start of a new trend.