ROSS STORES INC (ROST) Stock Technical Analysis
NASDAQ:ROST - US7782961038 - Common Stock
149.05 USD
-1.24 (-0.83%)
149.05 USD
0 (0%)
Taking everything into account, ROST scores 8 out of 10 in our technical rating. Although ROST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ROST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ROST is lagging the market slightly.
In the last month ROST has a been trading in the 134.37 - 151.83 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 3112340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ROST outperforms 44% of them, which is more or less in line with the market.
ROST is an average performer in the Specialty Retail industry, it outperforms 51% of 123 stocks in the same industry.
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 152.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 148.96, 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
122.07
158.19
We found 4 important support areas.
- A support zone ranging from 146.25 to 148.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @130.85 from a trend line in the weekly time frame.
- A support zone ranging from 126.90 to 127.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 152.92 to 156.62. 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 | 44.1 | NEUTRAL | ROST is not amongst the best or worst performers 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) | 62.87 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ROST has a negative trend. |
| Stochastics (14,3) | 71.61 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ROST suggests some volalility. |
| Average Directional Index/ADX (14) | 35.15 | POSITIVE | The high ADX value value for ROST suggests a strong 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)
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 |
|---|---|---|---|
| 151.84 | 146.24 | 5.60 (3.69%) | 25.00% |
| An entry @151.84. This is a Buy Stop order right above the 10 day high. | An exit @146.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.60 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
149.05
-1.24 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.83%
1 Week2.36%
2 Weeks1.13%
1 Month9.16%
3 Month6.4%
6 Month6.22%
12 Month-1.04%
2 Year22.36%
3 Year72.77%
5 Year63.65%
10 Year206.56%
15 Year500.65%
Volatility
ATR(14)3.07
ATR(20)%2.14%
ATR Inc3.8%
Range Today3.76
ADR(20)3.11
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.1
Mansfield-0.51
10 Day High151.83
10 Day Low144.18
20 Day High151.83
20 Day Low134.37
52 Week High158.69
52 Week Low122.36
CS1 End148.96
CR1 Start152.92
Volume & EV
DER(3)-2.14%
DER(5)-1.62%
Volume2.32M
Volume Incr24.73%
Vol(5)3.70M
Vol(50)3.11M