ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
NASDAQ:ROOT - Nasdaq - US77664L2079 - Common Stock - Currency: USD
Taking everything into account, ROOT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ROOT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ROOT did better than 98% 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 143 other stocks in this industry. ROOT outperforms 98% of them.
ROOT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ROOT is performing more or less in line with the market.
In the last month ROOT has a been trading in the 123.00 - 162.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ROOT has an excellent technical rating, but the quality of the setup is only medium 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
123.36
148.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 135.93 to 138.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.31 from a trend line in the daily time frame.
- Support @124.61 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 | UP | POSITIVE | The long term trend for ROOT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROOT is up. |
| ChartMill Relative Strength | 98.33 | POSITIVE | ROOT has a high relative strength, it outperformed 98.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROOT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROOT is above the rising 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) | 63.84 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.57 | POSITIVE | The MACD value suggests ROOT has a positive trend. |
| Stochastics (14,3) | 90.15 | OVERBOUGHT | The high Stochastics value suggests ROOT may be overbought. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.21 | 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)
146.69
-8.84 (-5.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-5.68%
1 Week11.76%
2 Weeks24.11%
1 Month10.15%
3 Month2.5%
6 Month103.87%
12 Month266.86%
2 Year1639.71%
3 Year626.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.23
ATR(20)%5.1%
ATR Inc-2.89%
Range Today11.31
ADR(20)7.73
ADR(20)%5.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.33
Mansfield6.44
10 Day High162.99
10 Day Low124.16
20 Day High162.99
20 Day Low123
52 Week High181.14
52 Week Low34.04
CS1 End138.18
CR1 StartN/A
Volume & EV
DER(3)2.69%
DER(5)2.33%
Volume487.23K
Volume Incr3.72%
Vol(5)473.86K
Vol(50)517.30K