ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
USA - NASDAQ:ROOT - US77664L2079 - Common Stock
83.24 USD
-3.52 (-4.06%)
83.8 USD
+0.56 (+0.67%)
Taking everything into account, ROOT scores 4 out of 10 in our technical rating. Although ROOT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month ROOT has a been trading in the 82.93 - 104.47 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 is part of the Insurance industry. There are 145 other stocks in this industry. ROOT outperforms 89% of them.
Looking at the yearly performance, ROOT did better than 86% of all other stocks. On top of that, ROOT also shows a nice and consistent pattern of rising prices. However, ROOT's most recent performance is quite weak.
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
82.41
139.15
When analyzing the resistance we notice 4 important areas.
- Resistance @92.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 94.92 to 96.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @124.27 from a trend line in the daily time frame.
- Resistance @137.77 from a trend 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 | 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 | 86.69 | POSITIVE | ROOT has a high relative strength, it outperformed 86.69% 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 | MIXED | The current price of ROOT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.87 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.06 | NEGATIVE | The MACD value suggests ROOT has a negative trend. |
| Stochastics (14,3) | 8.74 | OVERSOLD | The low Stochastics value suggests ROOT may be oversold. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for ROOT suggests a weak or negative 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)
83.24
-3.52 (-4.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-4.06%
1 Week-9.03%
2 Weeks-19.09%
1 Month-14.89%
3 Month-28.09%
6 Month-30.63%
12 Month94.76%
2 Year820.8%
3 Year875.85%
5 Year-80.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.58
ATR(20)%5.53%
ATR Inc34.33%
Range Today6.32
ADR(20)4.5
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.69
Mansfield-3.17
10 Day High103.23
10 Day Low82.93
20 Day High104.47
20 Day Low82.93
52 Week High181.14
52 Week Low36.87
CS1 EndN/A
CR1 Start92.63
Volume & EV
DER(3)-1.38%
DER(5)-2.6%
Volume890.48K
Volume Incr9.35%
Vol(5)481.35K
Vol(50)575.77K