ROPER TECHNOLOGIES INC (ROP) Stock Technical Analysis
NASDAQ:ROP • US7766961061
We assign a technical rating of 0 out of 10 to ROP. ROP'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ROP is a bad performer in the overall market: 90% of all stocks are doing better.
- ROP 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.
- ROP has an average volume of 1684120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ROP is an average performer in the Software industry, it outperforms 43% of 276 stocks in the same industry.
- In the last month ROP has a been trading in the 313.07 - 375.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ROP has a poor technical rating and the quality of the setup is also not perfect 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
346.23
We can see 3 important resistance areas.
- A resistance zone ranging from 349.74 to 352.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @406.85 from a trend line in the weekly time frame.
- Resistance @447.81 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 ROP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROP is down. |
| ChartMill Relative Strength | 10.83 | NEGATIVE | ROP has a low relative strength, it was outperformed by 89.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ROP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ROP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.05 | NEUTRAL | The RSI value for ROP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.12 | POSITIVE | The MACD value suggests ROP has a positive trend. |
| Stochastics (14,3) | 72.65 | NEUTRAL | The Stochastics value for ROP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for ROP suggests some volalility. |
| Average Directional Index/ADX (14) | 51.44 | POSITIVE | The high ADX value value for ROP suggests a strong trend. |
349.73
-2.42 (-0.69%)
ROPER TECHNOLOGIES INC / ROP FAQ
Can you provide the ChartMill technical rating for ROPER TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to ROP.
Can you provide the trend direction for ROPER TECHNOLOGIES INC?
The current trend direction for ROPER TECHNOLOGIES INC (ROP) is Bearish.
What is the RSI signal for ROPER TECHNOLOGIES INC (ROP) stock?
ROPER TECHNOLOGIES INC (ROP) has an RSI value of 45.0535. This indicates that the stock is currently neutral.
What is the MACD signal for ROPER TECHNOLOGIES INC (ROP) stock?
The MACD indicator for ROPER TECHNOLOGIES INC (ROP) has a value of 5.11744, indicating a bullish trend.
What is the support and resistance level for ROP stock?
ROPER TECHNOLOGIES INC (ROP) has a resistance level at 349.74. Check the full technical report for our detailed analysis of ROP support and resistance levels.