ROOT INC/OH -CLASS A (ROOT) Technical Analysis
NASDAQ:ROOT • US77664L2079
Current stock price
ROOT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ROOT. ROOT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ROOT is a bad performer in the overall market: 96% of all stocks are doing better.
- ROOT is one of the lesser performing stocks in the Insurance industry. 84% of 147 stocks in the same industry do better.
- ROOT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ROOT is lagging the market.
- In the last month ROOT has a been trading in the 42.51 - 49.97 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
ROOT Weekly and Daily overview Charts
ROOT Setup Rating and Analysis
Although the technical rating is bad, ROOT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 43.25, a Stop Loss order could be placed below this zone.
More info and screens
ROOT Support and Resistance Analysis
42.82
When analyzing the support we notice one important area.
- A support zone ranging from 43.25 to 43.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 45.25 to 45.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.91 from a horizontal line in the daily time frame.
- Resistance @56.28 from a trend line in the daily time frame.
ROOT 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 | DOWN | NEGATIVE | The long term trend for ROOT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROOT is down. |
| ChartMill Relative Strength | 4.95 | NEGATIVE | ROOT has a low relative strength, it was outperformed by 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROOT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROOT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ROOT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.12 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests ROOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 17.65 | OVERSOLD | The low Stochastics value suggests ROOT may be oversold. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.9 | POSITIVE | The high ADX value value for ROOT suggests a strong trend. |
ROOT Chart- and CandleStick Pattern Analysis
ROOT Technicals: Chart, Performance Metrics, Trend & Indicators
43.26
-0.91 (-2.06%)
ROOT INC/OH -CLASS A / ROOT TA FAQ
What is the technical rating for ROOT stock?
ChartMill assigns a technical rating of 0 / 10 to ROOT.
What is the trend direction for ROOT stock?
The current trend direction for ROOT INC/OH -CLASS A (ROOT) is Bearish.
Can you provide the RSI signal for ROOT INC/OH -CLASS A?
ROOT INC/OH -CLASS A (ROOT) has an RSI value of 36.1155. This indicates that the stock is currently neutral.
What is the short term momentum for ROOT stock?
The short term momentum for ROOT INC/OH -CLASS A (ROOT) is negative.
What are the support and resistance levels for ROOT INC/OH -CLASS A (ROOT) stock?
ROOT INC/OH -CLASS A (ROOT) has a support level at 43.25 and a resistance level at 45.25. Check the full technical report for our detailed analysis of ROOT support and resistance levels.