ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
NASDAQ:ROOT - Nasdaq - US77664L2079 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ROOT. ROOT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ROOT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, ROOT did better than 94% of all other stocks. We also observe that the gains produced by ROOT over the past year are nicely spread over this period.
ROOT is part of the Insurance industry. There are 144 other stocks in this industry. ROOT outperforms 96% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ROOT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ROOT is lagging the market.
ROOT has an average technical rating and it also 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.
More info and screens
73.14
153.36
We found 2 important support areas.
- Support @122.33 from a horizontal line in the daily time frame.
- Support @73.88 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 124.72 to 125.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 128.25 to 128.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 148.63 to 151.84. 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 | UP | POSITIVE | The long term trend for ROOT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROOT is down. |
| ChartMill Relative Strength | 94.07 | POSITIVE | ROOT has a high relative strength, it outperformed 94.07% 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) | UP | POSITIVE | The current price of ROOT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.49 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.68 | NEGATIVE | The MACD value suggests ROOT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.23 | OVERSOLD | The low Stochastics value suggests ROOT may be oversold. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for ROOT suggests a possible start of a new 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)
NASDAQ:ROOT (7/3/2025, 8:06:57 PM)
124.71
+1 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.81%
1 Week-2.42%
2 Weeks-7.96%
1 Month-6.93%
3 Month10.98%
6 Month65.57%
12 Month124.14%
2 Year1045.18%
3 Year559.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8
ATR(20)%6.71%
ATR Inc-33.68%
Range Today5.93
ADR(20)8.11
ADR(20)%6.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.07
Mansfield2.2
10 Day High141
10 Day Low121.41
20 Day High162.99
20 Day Low121.41
52 Week High181.14
52 Week Low34.04
CS1 End128.24
CR1 Start149.4
Volume & EV
DER(3)3.38%
DER(5)2.26%
Volume245.90K
Volume Incr-16.96%
Vol(5)373.14K
Vol(50)457.18K