Overall TROW gets a technical rating of 5 out of 10. Although TROW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, TROW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 105.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.53, 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
98.59
2 important support areas can be observed.
- A support zone ranging from 102.99 to 104.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.59 to 100.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 105.60 to 105.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @108.29 from a horizontal line in the weekly time frame.
- Resistance @111.52 from a horizontal line in the daily time frame.
- Resistance @121.92 from a horizontal line in the weekly time frame.
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 TROW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TROW is neutral. |
| ChartMill Relative Strength | 29.38 | NEGATIVE | TROW has a low relative strength, it was outperformed by 70.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TROW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TROW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TROW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.73 | NEUTRAL | The RSI value for TROW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TROW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for TROW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for TROW suggests low volalility. |
| Average Directional Index/ADX (14) | 12.1 | NEGATIVE | The low ADX value for TROW suggests a weak or negative trend. |
104.8
+1.52 (+1.47%)
T ROWE PRICE GROUP INC / TROW FAQ
What is the technical rating for TROW stock?
ChartMill assigns a technical rating of 5 / 10 to TROW.
Can you provide the trend direction for T ROWE PRICE GROUP INC?
The current trend direction for T ROWE PRICE GROUP INC (TROW) is Bullish.
Can you provide the RSI signal for T ROWE PRICE GROUP INC?
T ROWE PRICE GROUP INC (TROW) has an RSI value of 55.7255. This indicates that the stock is currently neutral.
Can you provide the short term momentum for T ROWE PRICE GROUP INC?
The short term momentum for T ROWE PRICE GROUP INC (TROW) is neutral.
What is the support and resistance level for TROW stock?
T ROWE PRICE GROUP INC (TROW) has a support level at 104.53 and a resistance level at 105.6. Check the full technical report for our detailed analysis of TROW support and resistance levels.