RoodMicrotec NV (ROOD.AS) Stock Technical Analysis
Europe - AMS:ROOD - NL0000440477 - Common Stock
Overall ROOD gets a technical rating of 5 out of 10. ROOD was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, ROOD does present a nice setup opportunity. 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
When analyzing the support we can see 4 important 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.
We can see 2 important resistance areas.
- 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
Can you provide the ChartMill technical rating for RoodMicrotec NV?
ChartMill assigns a technical rating of 4 / 10 to ROOD.AS.
What is the current trend direction of RoodMicrotec NV (ROOD.AS) stock?
The current trend direction for RoodMicrotec NV (ROOD.AS) is Bullish.
What is the RSI signal for RoodMicrotec NV (ROOD.AS) stock?
RoodMicrotec NV (ROOD.AS) has an RSI value of 52.605. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RoodMicrotec NV?
RoodMicrotec NV (ROOD.AS) has a support level at 0.33 and a resistance level at 0.34. Check the full technical report for our detailed analysis of ROOD.AS support and resistance levels.