RoodMicrotec NV (ROOD.AS) Stock Technical Analysis
Europe • Euronext Amsterdam • AMS:ROOD • NL0000440477
Taking everything into account, ROOD scores 5 out of 10 in our technical rating. In the last year, ROOD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ROOD is part of the Semiconductors & Semiconductor Equipment industry. There are 69 other stocks in this industry. ROOD outperforms 88% of them.
- ROOD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ROOD is lagging the market slightly.
- Looking at the yearly performance, ROOD did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month ROOD has a been trading in a tight range between 0.33 and 0.34.
ROOD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.33, a Stop Loss order could be placed below this zone.
More info and screens
0.20
We found 4 important support areas.
- A support zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.21 from a trend line in the weekly time frame.
- Support @0.20 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.36 to 0.36. 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 ROOD.AS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ROOD.AS is neutral. |
| ChartMill Relative Strength | 94.79 | POSITIVE | ROOD.AS has a high relative strength, it outperformed 94.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROOD.AS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROOD.AS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROOD.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.61 | NEUTRAL | The RSI value for ROOD.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ROOD.AS has a positive trend. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for ROOD.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for ROOD.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 31.04 | POSITIVE | The high ADX value value for ROOD.AS suggests a strong trend. |
AMS:ROOD (12/15/2023, 7:00:00 PM)
0.336
+0.01 (+1.82%)
RoodMicrotec NV / ROOD.AS FAQ
What is the ChartMill technical rating of RoodMicrotec NV (ROOD.AS) stock?
ChartMill assigns a technical rating of 4 / 10 to ROOD.AS.
What is the trend direction for ROOD stock?
The current trend direction for RoodMicrotec NV (ROOD.AS) is Bullish.
What is the RSI signal for ROOD stock?
RoodMicrotec NV (ROOD.AS) has an RSI value of 52.605. This indicates that the stock is currently neutral.
What is the MACD signal for RoodMicrotec NV (ROOD.AS) stock?
The MACD indicator for RoodMicrotec NV (ROOD.AS) has a value of 0.000587631, indicating a bearish trend.