Rockwell Automation (NYSE:ROK) Analysis
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 126.73.
The projected upper bound is: 143.33.
The projected lower bound is: 131.26.
The projected closing price is: 137.29.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 68.7416. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.12. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 90. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.
Rex Takasugi – TD Profile
ROCKWELL AUTOMAT closed down -2.020 at 136.910. Volume was 79% below average (consolidating) and Bollinger Bands were 4% narrower than normal.
Open High Low Close Volume___
138.370 138.370 136.910 136.910 52,292
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 135.09 124.95 117.25
Volatility: 26 31 27
Volume: 225,983 301,989 218,253
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ROCKWELL AUTOMAT is currently 16.8% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of ROK.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ROK.N and have had this outlook for the last 48 periods.
Latest posts by HEFFX Australia (see all)
- Bitcoin: BTC/USD (BTC=X) Breakout? - August 6, 2020
- Gold 1 OZ (XAU=X) Could Rise Further Amid Uncertainty Over Rising Inflation - August 6, 2020
- Euro: EUR/USD (EUR=X) Maintains Its Bullish Tone - August 6, 2020