ROSS STORES INC (ROST) Stock Technical Analysis
NASDAQ:ROST - Nasdaq - US7782961038 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ROST. ROST scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
84% of all other stocks performed better in the past year than ROST.
ROST is part of the Specialty Retail industry. There are 122 other stocks in this industry, of which 62% are performing better than ROST.
ROST 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.
ROST is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ROST has an average volume of 3457940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ROST has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 130.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 126.90, a Stop Loss order could be placed below this zone.
More info and screens
122.07
158.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 126.13 to 126.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 123.30 to 123.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 130.38 to 131.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @140.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 152.92 to 156.61. 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 | DOWN | NEGATIVE | The long term trend for ROST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROST is down. |
| ChartMill Relative Strength | 16.48 | NEGATIVE | ROST has a low relative strength, it was outperformed by 83.52% 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) | DOWN | NEGATIVE | The current price of ROST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ROST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.81 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests ROST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.72 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ROST suggests some volalility. |
| Average Directional Index/ADX (14) | 17.85 | NEGATIVE | The low ADX value for ROST suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
129.94
-0.54 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.41%
1 Week-0.94%
2 Weeks-1.22%
1 Month1.48%
3 Month-6.94%
6 Month-12.88%
12 Month-9.45%
2 Year13.35%
3 Year59.91%
5 Year44.91%
10 Year144.43%
15 Year393.51%
Volatility
ATR(14)2.66
ATR(20)%2.01%
ATR Inc-27.7%
Range Today1.96
ADR(20)2.57
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.48
Mansfield-1.6
10 Day High132.99
10 Day Low126.32
20 Day High135.85
20 Day Low124.49
52 Week High163.6
52 Week Low122.36
CS1 End126.9
CR1 Start130.38
Volume & EV
DER(3)-0.49%
DER(5)0.28%
Volume2.71M
Volume Incr-27.25%
Vol(5)2.62M
Vol(50)3.46M