STRATEGY SHARES NEWFOUND/RES (ROMO) Stock Technical Analysis
NYSEARCA:ROMO - NYSE Arca - US86280R8869 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to ROMO. Although ROMO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ROMO has an average volume of 7843 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ROMO 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.
When comparing the performance of all stocks over the past year, ROMO turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
In the last month ROMO has a been trading in a tight range between 31.52 and 32.74.
Considerably lower volume is observed in the last couple of days.
Although ROMO 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.
More info and screens
28.44
33.22
3 important support areas can be observed.
- A support zone ranging from 30.70 to 32.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.23 to 29.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @28.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.89 to 32.89. 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 ROMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROMO is up. |
| ChartMill Relative Strength | 55.78 | NEUTRAL | ROMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.26 | NEUTRAL | The RSI value for ROMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ROMO has a positive trend. |
| Stochastics (14,3) | 87.09 | OVERBOUGHT | The high Stochastics value suggests ROMO may be overbought. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for ROMO suggests low volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for ROMO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:ROMO (7/24/2025, 8:04:00 PM)
32.5872
-0.11 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.34%
1 Week2.25%
2 Weeks1.11%
1 Month3.92%
3 Month6.4%
6 Month-0.14%
12 Month9.14%
2 Year22.75%
3 Year25.5%
5 Year46.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.64%
ATR Inc119.07%
Range Today0.12
ADR(20)0.11
ADR(20)%0.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.78
Mansfield-0.49
10 Day High32.74
10 Day Low31.52
20 Day High32.74
20 Day Low31.52
52 Week High32.96
52 Week Low28.14
CS1 End32.43
CR1 Start32.89
Volume & EV
DER(3)2.02%
DER(5)0.26%
Volume600
Volume Incr-24.43%
Vol(5)3.23K
Vol(50)7.84K