We assign a technical rating of 10 out of 10 to ROST. 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.
- When comparing the yearly performance of all stocks, we notice that ROST is one of the better performing stocks in the market, outperforming 85% 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 78% of 121 stocks in the same industry.
- ROST is currently trading near its 52 week high. This is a good sign, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- In the last month ROST has a been trading in the 182.90 - 194.92 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ROST has an average volume of 2743010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ROST also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 189.39, 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
170.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 185.99 to 189.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @177.02 from a horizontal line in the daily time frame.
- Support @172.70 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 192.37 to 193.80. 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 | 85.11 | POSITIVE | ROST has a high relative strength, it outperformed 85.11% 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) | 58.63 | NEUTRAL | The RSI value for ROST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests ROST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.46 | NEUTRAL | The Stochastics value for ROST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for ROST suggests low volalility. |
| Average Directional Index/ADX (14) | 27.79 | POSITIVE | The high ADX value value for ROST suggests a strong trend. |
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 |
|---|---|---|---|
| 193.81 | 185.98 | 7.83 (4.04%) | 24.75% |
| An entry @193.81. This is a Buy Stop order right above the resistance zone. | An exit @185.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.83 points, which is 4.04%. | When investing 24.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
190.11
+1.46 (+0.77%)
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 58.6308. 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 189.39 and a resistance level at 192.37. Check the full technical report for our detailed analysis of ROST support and resistance levels.