ROOT INC/OH -CLASS A (ROOT) Stock Technical Analysis
NASDAQ:ROOT - Nasdaq - US77664L2079 - Common Stock - Currency: USD
Overall ROOT gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ROOT did better than 98% of all other stocks. On top of that, ROOT also shows a nice and consistent pattern of rising prices.
ROOT is part of the Insurance industry. There are 143 other stocks in this industry. ROOT outperforms 99% of them.
ROOT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ROOT has a been trading in the 102.01 - 181.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ROOT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 129.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 112.53, a Stop Loss order could be placed below this zone.
More info and screens
111.25
131.05
When analyzing the support we notice one important area.
- A support zone ranging from 112.37 to 112.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 129.75 to 129.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.59
Mansfield8.22
10 Day High134.53
10 Day Low102.01
20 Day High181.14
20 Day Low102.01
52 Week High181.14
52 Week Low34.04
Performance
1 Week9.29%
2 Weeks7.73%
1 Month-15%
3 Month52.08%
6 Month223.14%
12 Month152.22%
2 Year2924.24%
3 Year273.46%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.4
RSI(14)50.53
LBB108.16
UBB137.38
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.76 | 112.36 | 17.40 (13.41%) | 7.46% |
| An entry @129.76. This is a Buy Stop order right above the resistance zone. | An exit @112.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.40 points, which is 13.41%. | For a 1.00% total portfolio risk, you can invest 7.46% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ROOT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
129.74
+1.62 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.26%
1 Week9.29%
2 Weeks7.73%
1 Month-15%
3 Month52.08%
6 Month223.14%
12 Month152.22%
2 Year2924.24%
3 Year273.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.44
ATR(20)%10.82%
ATR Inc-39.66%
Range Today5.93
ADR(20)13.18
ADR(20)%10.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.59
Mansfield8.22
10 Day High134.53
10 Day Low102.01
20 Day High181.14
20 Day Low102.01
52 Week High181.14
52 Week Low34.04
CS1 End112.53
CR1 Start129.75
Volume & EV
DER(3)-1.06%
DER(5)-0.86%
Volume325.50K
Volume Incr-42.79%
Vol(5)450.16K
Vol(50)738.49K