ROSS STORES INC (ROST) Stock Technical Analysis
USA - NASDAQ:ROST - US7782961038 - Common Stock
We assign a technical rating of 9 out of 10 to ROST. 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.
Although ROST has an excellent technical rating, it does not present a decent entry opportunity 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
125.63
We found 5 important support areas.
- A support zone ranging from 151.76 to 154.20. 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 @134.02 from a trend line in the weekly time frame.
- Support @129.94 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 162.24. 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 | 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 | 75.77 | POSITIVE | ROST has a high relative strength, it outperformed 75.77% 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) | 61.64 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ROST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.86 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for ROST suggests low volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for ROST suggests a strong trend. |
161.08
+0.85 (+0.53%)
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 61.6433. 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 0.0563697, 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.