Uncovering Noteworthy Technical Analysis Findings for ROLLINS INC (NYSE:ROL).

Our stock screener has identified ROLLINS INC (NYSE:ROL) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:ROL.

Deciphering the Technical Picture of NYSE:ROL

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, ROL scores 7 out of 10 in our technical rating. In the last year, ROL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that ROL is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by ROL over the past year are nicely spread over this period.
• ROL is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 73% of 84 stocks in the same industry.
• ROL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ROL is lagging the market slightly.
• ROL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Our latest full technical report of ROL contains the most current technical analsysis.

How does the Setup look for NYSE:ROL

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:ROL is 9:

ROL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 50.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ROL in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NYSE:ROL

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.