ROSS STORES INC (ROST) Stock Technical Analysis
USA - NASDAQ:ROST - US7782961038 - Common Stock
Taking everything into account, ROST scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ROST has proven to be a steady performer, scoring decent points in every aspect analyzed.
ROST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 155.82, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
125.63
5 important support areas can be observed.
- A support zone ranging from 153.02 to 155.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.66 to 146.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @134.34 from a trend line in the weekly time frame.
- Support @130.14 from a trend line in the daily time frame.
- Support @126.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 161.09 to 162.86. 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 ROST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROST is up. |
| ChartMill Relative Strength | 75 | POSITIVE | ROST has a high relative strength, it outperformed 75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.69 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ROST has a negative trend. |
| Stochastics (14,3) | 57.9 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for ROST suggests low volalility. |
| Average Directional Index/ADX (14) | 28.14 | POSITIVE | The high ADX value value for ROST suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 162.87 | 157.64 | 5.23 (3.21%) | 25.00% |
| An entry @162.87. This is a Buy Stop order right above the resistance zone. | An exit @157.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.23 points, which is 3.21%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
160.58
-1.25 (-0.77%)
ROSS STORES INC / ROST FAQ
What is the ChartMill technical rating of ROSS STORES INC (ROST) stock?
ChartMill assigns a technical rating of 9 / 10 to ROST.
What is the trend direction for ROST stock?
The current trend direction for ROSS STORES INC (ROST) is Bullish.
What is the RSI signal for ROSS STORES INC (ROST) stock?
ROSS STORES INC (ROST) has an RSI value of 56.6892. This indicates that the stock is currently neutral.
What is the MACD signal for ROSS STORES INC (ROST) stock?
The MACD indicator for ROSS STORES INC (ROST) has a value of -0.203647, indicating a bearish trend.
Can you provide the short term momentum for ROSS STORES INC?
The short term momentum for ROSS STORES INC (ROST) is positive.