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.
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.
28.44
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
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. |
NYSEARCA:ROMO (7/24/2025, 8:04:00 PM)
32.5872
-0.11 (-0.34%)