ROSS STORES INC (ROST) Technical Analysis
NASDAQ:ROST • US7782961038
Current stock price
ROST Technical Rating and Analysis
Overall ROST gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROST is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ROST did better than 91% of all other stocks. We also observe that the gains produced by ROST over the past year are nicely spread over this period.
- ROST is part of the Specialty Retail industry. There are 123 other stocks in this industry. ROST outperforms 91% of them.
- ROST is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ROST is leading the market.
- In the last month ROST has a been trading in the 194.07 - 217.51 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- ROST has an average volume of 2685490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ROST Weekly and Daily overview Charts
ROST Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 216.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 210.56, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
ROST Support and Resistance Analysis
184.13
We found 3 important support areas.
- A support zone ranging from 209.76 to 210.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 197.79 to 200.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 185.99 to 188.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @216.04 from a horizontal line in the daily time frame.
ROST 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 ROST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROST is up. |
| ChartMill Relative Strength | 91.32 | POSITIVE | ROST has a high relative strength, it outperformed 91.32% 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) | 57.13 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ROST has a negative trend. |
| Stochastics (14,3) | 73.56 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ROST suggests some volalility. |
| Average Directional Index/ADX (14) | 24.3 | NEUTRAL | The ADX value for ROST suggests a possible start of a new trend. |
ROST Chart- and CandleStick Pattern Analysis
ROST Example Setup
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 |
|---|---|---|---|
| 216.05 | 209.75 | 6.30 (2.92%) | 25.00% |
| An entry @216.05. This is a Buy Stop order right above the resistance zone. | An exit @209.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.30 points, which is 2.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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.
ROST Technicals: Chart, Performance Metrics, Trend & Indicators
211.69
-2.61 (-1.22%)
ROSS STORES INC / ROST TA FAQ
What is the ChartMill technical rating of ROSS STORES INC (ROST) stock?
ChartMill assigns a technical rating of 10 / 10 to ROST.
What is the current trend direction of ROSS STORES INC (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 57.1255. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ROSS STORES INC?
The buy/sell signal for ROSS STORES INC (ROST) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ROSS STORES INC?
ROSS STORES INC (ROST) has a support level at 210.56 and a resistance level at 216.04. Check the full technical report for our detailed analysis of ROST support and resistance levels.