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Uptrend Broken SupportArchive - 5/3/2024 - Sign In to see current Signals. |
Ross Stores (ROST) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Ross Stores (ROST). During the week, the ROST dropped -2.77 points, or -2.07%, and closed at 130.84 on Friday, May 3, 2024. On Friday ROST has reached 128.02 - the lowest level since November 17, 2023. Weekly volume was 52% above 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 151.12 on February 29, 2024. ROST gained -60.81 points, or -67.33%, in 68 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (119.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend. Medium-term trend: [See ROST medium-term trend chart] A medium-term uptrend had started on September 27, 2023 at 108.35 and reached 151.12 on February 29, 2024. ROST gained -42.77 points, or -39.47%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (161.99) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ROST may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend. Weekly Technical Indicators: [See ROST weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 22, 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 ROST short-term trend chart] A short-term uptrend had started on May 2, 2024 at 127.53 and reached 131.41 on May 3, 2024. ROST gained -3.88 points, or -3.04%, in 1 days. The price is now at the 14.69% retracement level. Daily Technical Indicators: [See ROST daily technical indicators chart] Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. The daily MACD line is below its signal line since March 5, 2024. The distance between MACD and the signal line is low, but getting bigger. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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