ROSS STORES INC (ROST) Technical Analysis
NASDAQ:ROST • US7782961038
Current stock price
ROST Technical Rating and Analysis
Taking everything into account, ROST scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ROST is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ROST over the past year are nicely spread over this period.
- ROST is one of the better performing stocks in the Specialty Retail industry, it outperforms 88% of 123 stocks in the same industry.
- ROST is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ROST has a been trading in the 215.13 - 230.44 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 2528360 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
Besides having an excellent technical rating, ROST also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 228.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 226.69, 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
ROST Support and Resistance Analysis
195.65
3 important support areas can be observed.
- A support zone ranging from 223.34 to 226.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 213.13 to 215.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.63 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 228.85 to 228.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87.84 | POSITIVE | ROST has a high relative strength, it outperformed 87.84% 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) | 64.37 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests ROST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.8 | 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) | 15.9 | NEGATIVE | The low ADX value for ROST suggests a weak or negative 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 |
|---|---|---|---|
| 228.86 | 223.81 | 5.05 (2.21%) | 25.00% |
| An entry @228.86. This is a Buy Stop order right above the resistance zone. | An exit @223.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.05 points, which is 2.21%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROST. Please evaluate whether better entry and exit points can be found.
- 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
228.84
+1.05 (+0.46%)
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.
Can you provide the RSI signal for ROSS STORES INC?
ROSS STORES INC (ROST) has an RSI value of 64.3682. This indicates that the stock is currently neutral.
What is the MACD signal for ROST stock?
The MACD indicator for ROSS STORES INC (ROST) has a value of -0.361225, indicating a bearish trend.
What is the buy/sell signal for ROST stock?
The buy/sell signal for ROSS STORES INC (ROST) is buy as both the short term and long term trends are positive.