Taking everything into account, ROSE scores 4 out of 10 in our technical rating. In the last year, ROSE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- 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 has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.65, a Stop Loss order could be placed below this zone.
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10.56
When analyzing the support we can see 3 important 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.
When analyzing the resistance we notice one important 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.
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. |
NASDAQ:ROSE (11/20/2023, 8:00:03 PM)
11.66
-0.02 (-0.17%)
ROSE HILL ACQUISITION CORP-A / ROSE FAQ
What is the technical rating for ROSE stock?
ChartMill assigns a technical rating of 4 / 10 to ROSE.
What is the trend direction for ROSE stock?
The current trend direction for ROSE HILL ACQUISITION CORP-A (ROSE) is Bullish.
Can you provide the RSI signal for ROSE HILL ACQUISITION CORP-A?
ROSE HILL ACQUISITION CORP-A (ROSE) has an RSI value of 42.1877. This indicates that the stock is currently neutral.
What is the MACD signal for ROSE stock?
The MACD indicator for ROSE HILL ACQUISITION CORP-A (ROSE) has a value of -0.00111996, indicating a bearish trend.
What is the support and resistance level for 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.