ROSS STORES INC (ROST) Stock Technical Analysis
NASDAQ:ROST • US7782961038
Overall ROST gets a technical rating of 10 out of 10. 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.
- 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 85% of all other stocks. On top of that, ROST also shows a nice and consistent pattern of rising prices.
- ROST is one of the better performing stocks in the Specialty Retail industry, it outperforms 84% of 123 stocks in the same industry.
- A new 52 week high is currently being made by ROST, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ROST has a been trading in the 185.66 - 206.40 range, which is quite wide. It is currently trading near the high of this range.
- ROST has an average volume of 2350210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ROST has an excellent technical rating, the quality of the presented setup is not ideal 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
184.13
We found 2 important support areas.
- A support zone ranging from 196.17 to 201.01. 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 185.99 to 192.17. 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 | 85.67 | POSITIVE | ROST has a high relative strength, it outperformed 85.67% 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) | 76.16 | OVERBOUGHT | The high RSI value suggests ROST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests ROST has a positive trend. |
| Stochastics (14,3) | 88.92 | OVERBOUGHT | The high Stochastics value suggests ROST may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for ROST suggests low volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for ROST suggests a strong trend. |
205.64
+2.14 (+1.05%)
ROSS STORES INC / ROST 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 76.1603. This indicates that the stock is currently overbought.
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 201.01. Check the full technical report for our detailed analysis of ROST support and resistance levels.