NYLI CBR NEX REL EST ETF-USD (ROOF) Stock Technical Analysis
USA - NYSEARCA:ROOF - US45409B6285 - ETF
We assign a technical rating of 1 out of 10 to ROOF. ROOF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ROOF has a poor technical rating and the quality of the setup is also only medium 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
19.80
We found 1 important support area.
- A support zone ranging from 20.00 to 20.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.78 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.61 to 22.70. 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 | NEUTRAL | NEUTRAL | The long term trend for ROOF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROOF is down. |
| ChartMill Relative Strength | 42.28 | NEUTRAL | ROOF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROOF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROOF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROOF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.28 | NEUTRAL | The RSI value for ROOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ROOF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.33 | NEUTRAL | The Stochastics value for ROOF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for ROOF suggests low volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for ROOF suggests a weak or negative trend. |
NYSEARCA:ROOF (11/20/2024, 8:04:00 PM)
20.745
-0.06 (-0.29%)
NYLI CBR NEX REL EST ETF-USD / ROOF FAQ
What is the technical rating for ROOF stock?
ChartMill assigns a technical rating of 1 / 10 to ROOF.
What is the trend direction for ROOF stock?
The current trend direction for NYLI CBR NEX REL EST ETF-USD (ROOF) is Bearish.
What is the RSI signal for ROOF stock?
NYLI CBR NEX REL EST ETF-USD (ROOF) has an RSI value of 41.2827. This indicates that the stock is currently neutral.
What is the short term momentum for ROOF stock?
The short term momentum for NYLI CBR NEX REL EST ETF-USD (ROOF) is negative.
What are the support and resistance levels for NYLI CBR NEX REL EST ETF-USD (ROOF) stock?
NYLI CBR NEX REL EST ETF-USD (ROOF) has a support level at 20.74 and a resistance level at 20.78. Check the full technical report for our detailed analysis of ROOF support and resistance levels.