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.
- 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.
- ROST is one of the better performing stocks in the Specialty Retail industry, it outperforms 81% of 121 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 178.88 - 194.92 range, which is quite wide. It is currently trading near the high of this range.
- ROST has an average volume of 2705920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ROST has an excellent technical rating, but the quality of the setup is only medium 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
174.83
We found 2 important support areas.
- A support zone ranging from 185.98 to 190.54. 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 176.60 to 181.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important 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 | 85.42 | POSITIVE | ROST has a high relative strength, it outperformed 85.42% 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) | 70.51 | OVERBOUGHT | The high RSI value suggests ROST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ROST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.64 | OVERBOUGHT | The high Stochastics value suggests ROST may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for ROST suggests low volalility. |
| Average Directional Index/ADX (14) | 46.67 | 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 | 182.89 | 10.92 (5.63%) | 17.75% |
| An entry @193.81. This is a Buy Stop order right above the resistance zone. | An exit @182.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.92 points, which is 5.63%. | When investing 17.75% 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.
192.36
-1.43 (-0.74%)
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 70.5053. 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 190.54 and a resistance level at 192.37. Check the full technical report for our detailed analysis of ROST support and resistance levels.