ROP Technical Analysis - ROPER TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ROP. 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.

78% of all other stocks performed better in the past year than ROP.

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.

ROP is an average performer in the Software industry, it outperforms 45% of 285 stocks in the same industry.

In the last month ROP has a been trading in a tight range between 492.25 and 521.28.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 502.71, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

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 502.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 505.21 to 520.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @541.31 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.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	22.26	NEGATIVE	ROP has a low relative strength, it was outperformed by 77.74% 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)	45.96	NEUTRAL	The RSI value for ROP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.57	POSITIVE	The MACD value suggests ROP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	25.31	NEUTRAL	The Stochastics value for ROP is a neutral value.
Average True Range in percent/ATR (20)	1.76	LOW VOLATILITY	The low ATR as a percentage value for ROP suggests low volalility.
Average Directional Index/ADX (14)	21.48	NEUTRAL	The ADX value for ROP suggests a possible start of a new trend.