ROVER GROUP INC (ROVR) Technical Analysis
NASDAQ:ROVR • US77936F1030
Current stock price
ROVR Technical Rating and Analysis
Taking everything into account, ROVR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ROVR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 ROVR is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by ROVR over the past year are nicely spread over this period.
- ROVR is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry. ROVR outperforms 97% of them.
- ROVR 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.
- ROVR has an average volume of 2084900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ROVR has a been trading in a tight range between 10.94 and 11.00.
ROVR Weekly and Daily overview Charts
ROVR Setup Rating and Analysis
Besides having an excellent technical rating, ROVR also presents 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 11.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.97, 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
ROVR Support and Resistance Analysis
6.18
3 important support areas can be observed.
- A support zone ranging from 10.85 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.67 from a trend line in the daily time frame.
- Support @6.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.00 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
ROVR 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 ROVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROVR is up. |
| ChartMill Relative Strength | 96.05 | POSITIVE | ROVR has a high relative strength, it outperformed 96.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.87 | OVERBOUGHT | The high RSI value suggests ROVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ROVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.67 | NEUTRAL | The Stochastics value for ROVR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for ROVR suggests low volalility. |
| Average Directional Index/ADX (14) | 71.72 | POSITIVE | The high ADX value value for ROVR suggests a strong trend. |
ROVR Chart- and CandleStick Pattern Analysis
ROVR 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 |
|---|---|---|---|
| 11.01 | 10.94 | 0.07 (0.64%) | 25.00% |
| An entry @11.01. This is a Buy Stop order right above the resistance zone. | An exit @10.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.64%. | For a 0.16% 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.
ROVR Technicals: Chart, Performance Metrics, Trend & Indicators
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ROVER GROUP INC / ROVR TA FAQ
Can you provide the ChartMill technical rating for ROVER GROUP INC?
ChartMill assigns a technical rating of 10 / 10 to ROVR.
What is the current trend direction of ROVER GROUP INC (ROVR) stock?
The current trend direction for ROVER GROUP INC (ROVR) is Bullish.
What is the RSI signal for ROVER GROUP INC (ROVR) stock?
ROVER GROUP INC (ROVR) has an RSI value of 71.8703. This indicates that the stock is currently overbought.
What is the MACD signal for ROVER GROUP INC (ROVR) stock?
The MACD indicator for ROVER GROUP INC (ROVR) has a value of -0.0127672, indicating a bearish trend.
What is the short term momentum for ROVR stock?
The short term momentum for ROVER GROUP INC (ROVR) is positive.