ROOT INC/OH -CLASS A (ROOT) Technical Analysis
NASDAQ:ROOT • US77664L2079
Current stock price
ROOT Technical Rating and Analysis
Overall ROOT gets a technical rating of 3 out of 10. In the past year, ROOT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, ROOT is a bad performer in the overall market: 93% of all stocks are doing better.
- ROOT is part of the Insurance industry. There are 147 other stocks in this industry, of which 85% are performing better than ROOT.
- ROOT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ROOT has a been trading in the 40.91 - 58.03 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ROOT Weekly and Daily overview Charts
ROOT Setup Rating and Analysis
The technical rating of ROOT is bad and it also does not present a 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
ROOT Support and Resistance Analysis
43.07
2 important support areas can be observed.
- A support zone ranging from 54.19 to 54.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.50 to 43.76. 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 57.53 to 57.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @60.03 from a trend line in the daily time frame.
ROOT Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ROOT is up. |
| ChartMill Relative Strength | 7.65 | NEGATIVE | ROOT has a low relative strength, it was outperformed by 92.35% 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) | DOWN | MIXED | The current price of ROOT is above 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) | 57.78 | NEUTRAL | The RSI value for ROOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests ROOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.9 | OVERBOUGHT | The high Stochastics value suggests ROOT may be overbought. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for ROOT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for ROOT suggests a strong trend. |
ROOT Chart- and CandleStick Pattern Analysis
ROOT Technicals: Chart, Performance Metrics, Trend & Indicators
54.48
-1.43 (-2.56%)
ROOT INC/OH -CLASS A / ROOT TA FAQ
What is the technical rating for ROOT stock?
ChartMill assigns a technical rating of 3 / 10 to ROOT.
What is the trend direction for ROOT stock?
The current trend direction for ROOT INC/OH -CLASS A (ROOT) is Bearish.
Can you provide the RSI signal for ROOT INC/OH -CLASS A?
ROOT INC/OH -CLASS A (ROOT) has an RSI value of 57.7842. This indicates that the stock is currently neutral.
What is the short term momentum for ROOT stock?
The short term momentum for ROOT INC/OH -CLASS A (ROOT) is positive.
What are the support and resistance levels for ROOT INC/OH -CLASS A (ROOT) stock?
ROOT INC/OH -CLASS A (ROOT) has a support level at 54.47 and a resistance level at 57.53. Check the full technical report for our detailed analysis of ROOT support and resistance levels.