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STRATEGY SHARES NEWFOUND/RES (ROMO) Stock Technical Analysis

NYSEARCA:ROMO - NYSE Arca - US86280R8869 - ETF - Currency: USD

32.68  -0.02 (-0.06%)

Technical Rating and Analysis

7

Taking everything into account, ROMO scores 7 out of 10 in our technical rating. 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 7862 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 31.32 and 32.74.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
STRATEGY SHARES NEWFOUND/RES / ROMO Weekly stock chart
STRATEGY SHARES NEWFOUND/RES / ROMO Daily stock chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

28.44

33.22

We found 3 important support areas.

  • 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.

We found 1 important resistance 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ROMO is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ROMO is up.
ChartMill Relative Strength55.05NEUTRALROMO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ROMO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ROMO is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ROMO is above the rising SMA(200).
Relative Strength Index/RSI (14)68.26NEUTRALThe RSI value for ROMO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests ROMO has a positive trend.
Stochastics (14,3)78.04NEUTRALThe Stochastics value for ROMO is a neutral value.
Average True Range in percent/ATR (20)0.65LOW VOLATILITYThe low ATR as a percentage value for ROMO suggests low volalility.
Average Directional Index/ADX (14)15.68NEGATIVEThe low ADX value for ROMO suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
STRATEGY SHARES NEWFOUND/RES / ROMO Daily stock chart

STRATEGY SHARES NEWFOUND/RES

NYSEARCA:ROMO (7/24/2025, 1:54:08 PM)

32.68

-0.02 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.06%
1 Week2.99%
2 Weeks1.55%
1 Month3.82%
3 Month6.77%
6 Month0.2%
12 Month9.51%
2 Year23.17%
3 Year25.93%
5 Year47.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.65%
ATR Inc122.72%
Range Today0.03
ADR(20)0.1
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.05
Mansfield-0.45
10 Day High32.74
10 Day Low31.52
20 Day High32.74
20 Day Low31.32
52 Week High32.96
52 Week Low28.14
CS1 End32.43
CR1 Start32.89
Volume & EV
DER(3)0.43%
DER(5)0.54%
Volume669
Volume Incr16.56%
Vol(5)4.68K
Vol(50)7.86K