ROP Technical Analysis - ROPER TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, ROP scores 0 out of 10 in our technical rating. ROP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ROP is a bad performer in the overall market: 84% of all stocks are doing better.

ROP is part of the Software industry. There are 285 other stocks in this industry, of which 64% are performing better than ROP.

ROP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month ROP has a been trading in the 456.99 - 521.28 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ROPER TECHNOLOGIES INC / ROP Weekly stock chart

ROPER TECHNOLOGIES INC / ROP Daily stock chart

Setup Rating and Analysis

The technical rating of ROP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

475.16

589.25

4 important resistance areas can be observed.

A resistance zone ranging from 504.92 to 520.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @539.85 from a trend line in the daily time frame.
A resistance zone ranging from 558.52 to 567.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Strong resistance @583.42 from a horizontal line in the daily time frame.

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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 ROP is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ROP is neutral.
ChartMill Relative Strength	16.7	NEGATIVE	ROP has a low relative strength, it was outperformed by 83.3% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ROP is below 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)	33.84	NEUTRAL	The RSI value for ROP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.86	NEGATIVE	The MACD value suggests ROP has a negative trend.
Stochastics (14,3)	52.85	NEUTRAL	The Stochastics value for ROP is a neutral value.
Average True Range in percent/ATR (20)	2.31	MEDIUM VOLATILITY	The ATR as a percentage value for ROP suggests some volalility.
Average Directional Index/ADX (14)	21.69	NEUTRAL	The ADX value for ROP suggests a possible start of a new trend.