ROSE HILL ACQUISITION CORP-A (ROSE) Technical Analysis
NASDAQ:ROSE • KYG7637J1076
Current stock price
ROSE Technical Rating and Analysis
Overall ROSE gets a technical rating of 4 out of 10. ROSE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- ROSE 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.
- Warning: ROSE has an average volume of 25576 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that ROSE is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by ROSE over the past year are nicely spread over this period.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month ROSE has a been trading in a tight range between 11.60 and 11.93.
- Considerably lower volume is observed in the last couple of days.
ROSE Weekly and Daily overview Charts
ROSE Setup Rating and Analysis
Although the technical rating is only medium, ROSE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.65, a Stop Loss order could be placed below this zone.
More info and screens
ROSE Support and Resistance Analysis
10.56
We found 3 important support areas.
- A support zone ranging from 11.65 to 11.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.41 from a horizontal line in the daily time frame.
- Support @10.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.70 to 12.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ROSE 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 | UP | POSITIVE | The long term trend for ROSE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROSE is down. |
| ChartMill Relative Strength | 78.64 | POSITIVE | ROSE has a high relative strength, it outperformed 78.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROSE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ROSE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROSE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.19 | NEUTRAL | The RSI value for ROSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ROSE has a negative trend. |
| Stochastics (14,3) | 20.86 | NEUTRAL | The Stochastics value for ROSE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for ROSE suggests low volalility. |
| Average Directional Index/ADX (14) | 44.74 | POSITIVE | The high ADX value value for ROSE suggests a strong trend. |
ROSE Chart- and CandleStick Pattern Analysis
ROSE Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ROSE (11/20/2023, 8:00:03 PM)
11.66
-0.02 (-0.17%)
ROSE HILL ACQUISITION CORP-A / ROSE TA FAQ
What is the technical rating for ROSE stock?
ChartMill assigns a technical rating of 4 / 10 to ROSE.
Can you provide the trend direction for ROSE HILL ACQUISITION CORP-A?
The current trend direction for ROSE HILL ACQUISITION CORP-A (ROSE) is Bullish.
What is the RSI signal for ROSE stock?
ROSE HILL ACQUISITION CORP-A (ROSE) has an RSI value of 42.1877. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ROSE HILL ACQUISITION CORP-A?
The buy/sell signal for ROSE HILL ACQUISITION CORP-A (ROSE) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for ROSE HILL ACQUISITION CORP-A (ROSE) stock?
ROSE HILL ACQUISITION CORP-A (ROSE) has a support level at 11.65 and a resistance level at 11.7. Check the full technical report for our detailed analysis of ROSE support and resistance levels.