Overall RORE gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RORE was also a bad performer in the overall market in the last year.
RORE has an average technical rating and the quality of the presented setup is also not ideal 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
10.34
3 important support areas can be observed.
- A support zone ranging from 12.19 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.83 to 11.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.44 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 12.35 to 12.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.73 from a trend line in the daily time frame.
- Resistance @13.61 from a horizontal line in the weekly time frame.
- Resistance @15.82 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 16.96 to 16.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RORE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RORE is up. |
| ChartMill Relative Strength | 16.05 | NEGATIVE | RORE has a low relative strength, it was outperformed by 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RORE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RORE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RORE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.44 | NEUTRAL | The RSI value for RORE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RORE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.5 | NEUTRAL | The Stochastics value for RORE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for RORE suggests low volalility. |
Lattice Real Estate Strategy ETF
NYSEARCA:RORE (8/7/2020, 8:04:00 PM)
12.26
-0.02 (-0.12%)
Lattice Real Estate Strategy ETF / RORE FAQ
What is the ChartMill technical rating of Lattice Real Estate Strategy ETF (RORE) stock?
ChartMill assigns a technical rating of 4 / 10 to RORE.
Can you provide the trend direction for Lattice Real Estate Strategy ETF?
The current trend direction for Lattice Real Estate Strategy ETF (RORE) is Bearish.
What is the RSI signal for RORE stock?
Lattice Real Estate Strategy ETF (RORE) has an RSI value of 50.4398. This indicates that the stock is currently neutral.
What is the short term momentum for RORE stock?
The short term momentum for Lattice Real Estate Strategy ETF (RORE) is positive.
What is the support and resistance level for RORE stock?
Lattice Real Estate Strategy ETF (RORE) has a support level at 12.22 and a resistance level at 12.35. Check the full technical report for our detailed analysis of RORE support and resistance levels.