ROOTS CORP (ROOT.CA) Stock Technical Analysis
TSX:ROOT - Toronto Stock Exchange - CA7766521099 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to ROOT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROOT is showing a nice and steady performance.
Warning: ROOT has an average volume of 10217 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.
Looking at the yearly performance, ROOT did better than 87% of all other stocks. On top of that, ROOT also shows a nice and consistent pattern of rising prices.
ROOT is one of the better performing stocks in the Specialty Retail industry, it outperforms 75% of 17 stocks in the same industry.
ROOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ROOT is leading the market.
In the last month ROOT has a been trading in the 2.36 - 3.31 range, which is quite wide. It is currently trading near the high of this range.
ROOT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.02
3.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.26 to 2.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.04 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for ROOT.CA is up. |
| ChartMill Relative Strength | 87.7 | POSITIVE | ROOT.CA has a high relative strength, it outperformed 87.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROOT.CA is above 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) | 68.46 | NEUTRAL | The RSI value for ROOT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ROOT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.22 | OVERBOUGHT | The high Stochastics value suggests ROOT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ROOT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 46.75 | POSITIVE | The high ADX value value for ROOT.CA suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.32 | 3.00 | 0.32 (9.64%) | 10.38% |
| An entry @3.32. This is a Buy Stop order right above the 10 day high. | An exit @3.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.32 points, which is 9.64%. | For a 1.00% total portfolio risk, you can invest 10.38% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ROOT (5/23/2025, 7:00:00 PM)
3.26
-0.04 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.21%
1 Week6.19%
2 Weeks8.31%
1 Month38.14%
3 Month25.38%
6 Month45.54%
12 Month41.13%
2 Year9.03%
3 Year-3.83%
5 Year193.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%3.42%
ATR Inc-63.37%
Range Today0.02
ADR(20)0.09
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.7
Mansfield4.09
10 Day High3.31
10 Day Low3.01
20 Day High3.31
20 Day Low2.36
52 Week High3.31
52 Week Low1.8
CS1 End2.28
CR1 StartN/A
Volume & EV
DER(3)-103.01%
DER(5)-65.25%
Volume300
Volume Incr-20.43%
Vol(5)8.25K
Vol(50)10.22K