ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
USA - NASDAQ:ROOT - US77664L2079 - Common Stock
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.
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 resistance zone just above the current price starting at 80.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ROOT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
74.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 77.86 to 79.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.39 to 75.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.80 to 82.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @116.35 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 | 28.08 | NEGATIVE | ROOT has a low relative strength, it was outperformed by 71.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ROOT is above 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) | 46.67 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests ROOT has a positive trend. |
| Stochastics (14,3) | 38.28 | NEUTRAL | The Stochastics value for ROOT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.75 | NEGATIVE | The low ADX value for ROOT suggests a weak or negative trend. |
80.79
+0.27 (+0.34%)
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.
Can you provide the trend direction for ROOT INC/OH -CLASS A?
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 46.6669. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ROOT INC/OH -CLASS A?
The buy/sell signal for ROOT INC/OH -CLASS A (ROOT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ROOT INC/OH -CLASS A?
ROOT INC/OH -CLASS A (ROOT) has a support level at 79.64 and a resistance level at 80.8. Check the full technical report for our detailed analysis of ROOT support and resistance levels.