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Archive
- 6/6/2025 -
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Ross Stores (ROST) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Ross Stores (ROST). During the week, the ROST gained 3.71 points, or 2.65%, and closed at 143.80 on Friday, June 6, 2025. Weekly volume was -13% below average.
 Long-term trend: [See ROST long-term trend chart]
A long-term uptrend had started on November 8, 2022 at 90.31 and reached 163.55 on August 23, 2024. ROST gained -73.24 points, or -81.10%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (153.10) 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 ROST medium-term trend chart]
A medium-term downtrend had started on August 23, 2024 at 163.55 and reached 122.40 on March 21, 2025. ROST lost 41.15 points, or 25.16%, in 30 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 112.98 and resistance is at 150.68. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ROST weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since April 25, 2025. Use the following link to access a MACD help.
 Short-term trend: [See ROST short-term trend chart]
A short-term downtrend had started on May 20, 2025 at 155.58 and reached 129.20 on May 23, 2025. ROST lost 26.38 points, or 16.96%, in 3 days. The price is now at the 55.34% retracement level.
Daily Technical Indicators: [See ROST daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 22, 2025. This is an indication that the short-term trend is down.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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