ROOT Technical Analysis - ROOTS CORP

Technical Rating and Analysis

Taking everything into account, ROOT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ROOT has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: ROOT has an average volume of 5788 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that ROOT is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, ROOT also shows a nice and consistent pattern of rising prices.

ROOT is part of the Specialty Retail industry. There are 15 other stocks in this industry. ROOT outperforms 71% of them.

ROOT 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 ROOT is lagging the market slightly.

In the last month ROOT has a been trading in the 3.08 - 3.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ROOT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.86

3.46

We found 4 important support areas.

A support zone ranging from 3.20 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3.10 from a horizontal line in the daily time frame.
Support @3.01 from a horizontal line in the weekly time frame.
Support @2.89 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 3.34 to 3.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for ROOT.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ROOT.CA is neutral.
ChartMill Relative Strength	73.02	POSITIVE	ROOT.CA has a high relative strength, it outperformed 73.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ROOT.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ROOT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ROOT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.71	NEUTRAL	The RSI value for ROOT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests ROOT.CA has a negative trend.
Stochastics (14,3)	43.99	NEUTRAL	The Stochastics value for ROOT.CA is a neutral value.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for ROOT.CA suggests some volalility.
Average Directional Index/ADX (14)	30.83	POSITIVE	The high ADX value value for ROOT.CA suggests a strong trend.