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Archive
- 5/10/2024 -
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T. Rowe Price Group (TROW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the T. Rowe Price Group (TROW). During the week, the TROW climbed 0.10 points, or 0.09%, and closed at 111.60 on Friday, May 10, 2024. Weekly volume was -14% below average.
TROW is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TROW long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 87.44 and reached 122.27 on March 28, 2024. TROW gained -34.83 points, or -39.83%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (119.26) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See TROW medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 122.27 and reached 107.43 on April 25, 2024. TROW lost 14.84 points, or 12.14%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (111.68). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See TROW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See TROW short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 107.43 and reached 115.07 on April 26, 2024. TROW gained -7.64 points, or -7.11%, in 1 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 110.86 and resistance is at 112.03. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See TROW daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (112.58) comes close to the price (111.60). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is falling, and it was 5.2% on Friday. It is 50.08% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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