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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

84% of all other stocks performed better in the past year than ROP.

ROP is one of the lesser performing stocks in the Software industry. 66% of 281 stocks in the same industry do better.

ROP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ROP has a been trading in the 492.25 - 532.18 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

ROP has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

490.07

589.25

When analyzing the support we notice one important area.

A support zone ranging from 495.02 to 499.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 504.46 to 514.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @546.76 from a trend line in the daily time frame.
A resistance zone ranging from 566.76 to 573.01. 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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Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for ROP is down.
ChartMill Relative Strength	16.73	NEGATIVE	ROP has a low relative strength, it was outperformed by 83.27% 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)	37.89	NEUTRAL	The RSI value for ROP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.51	NEGATIVE	The MACD value suggests ROP has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.23	OVERSOLD	The low Stochastics value suggests ROP may be oversold.
Average True Range in percent/ATR (20)	1.67	LOW VOLATILITY	The low ATR as a percentage value for ROP suggests low volalility.
Average Directional Index/ADX (14)	34.26	POSITIVE	The high ADX value value for ROP suggests a strong trend.