ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
NASDAQ:ROOT • US77664L2079
Overall ROOT gets a technical rating of 0 out of 10. ROOT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 93% of all other stocks performed better in the past year than ROOT.
- ROOT is part of the Insurance industry. There are 150 other stocks in this industry, of which 79% are performing better than ROOT.
- ROOT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ROOT has a been trading in the 53.37 - 69.96 range, which is quite wide. It is currently trading near the lows of this range.
ROOT has a poor technical rating and the quality of the setup is also not perfect 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
57.22
When analyzing the support we notice one important area.
- Support @57.80 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 60.53 to 61.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.22 from a horizontal line in the daily time frame.
- Resistance @64.52 from a trend line in the daily 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 | 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 | 7.25 | NEGATIVE | ROOT has a low relative strength, it was outperformed by 92.75% 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) | 40.02 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ROOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.42 | NEUTRAL | The Stochastics value for ROOT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.58 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.33 | POSITIVE | The high ADX value value for ROOT suggests a strong trend. |
57.81
+3.5 (+6.44%)
ROOT INC/OH -CLASS A / ROOT FAQ
What is the technical rating for ROOT stock?
ChartMill assigns a technical rating of 0 / 10 to ROOT.
What is the current trend direction of ROOT INC/OH -CLASS A (ROOT) stock?
The current trend direction for ROOT INC/OH -CLASS A (ROOT) is Bearish.
What is the RSI signal for ROOT INC/OH -CLASS A (ROOT) stock?
ROOT INC/OH -CLASS A (ROOT) has an RSI value of 40.0203. This indicates that the stock is currently neutral.
What is the MACD signal for ROOT INC/OH -CLASS A (ROOT) stock?
The MACD indicator for ROOT INC/OH -CLASS A (ROOT) has a value of 0.12738, indicating a bearish trend.
What is the buy/sell signal for ROOT stock?
The buy/sell signal for ROOT INC/OH -CLASS A (ROOT) is sell as both the short term and long term trends are negative.