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Uptrend ExhaustionArchive
- 4/19/2024 -
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Roper Industries (ROP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Roper Industries (ROP). During the week, the ROP gave back -1.45 points, or -0.27%, and closed at 534.38 on Friday, April 19, 2024. Weekly volume was 21% above average.
ROP is a member of Industrials Sector. Industrials is the second 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 ROP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 356.22 and reached 565.00 on April 1, 2024. ROP gained -208.78 points, or -58.61%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 517.97 and resistance is at 572.21. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See ROP medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 416.78 and reached 565.00 on April 1, 2024. ROP gained -148.22 points, or -35.56%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 524.07 and resistance is at 568.65. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See ROP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 9, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ROP short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 525.67 and reached 535.70 on April 19, 2024. ROP gained -10.03 points, or -1.91%, in 2 days. The price is now at the 13.16% retracement level.
 Daily Technical Indicators: [See ROP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024.
A Parabolic SAR (stop and reversal) indicator (536.24) comes close to the price (534.38). 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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