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Archive
- 4/5/2024 -
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Rollins Inc. (ROL) Technical Analysis
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| Summary:
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| | It was the negative week for the Rollins Inc. (ROL). During the week, the ROL dropped -0.90 points, or -1.95%, and closed at 45.37 on Friday, April 5, 2024. It was the worst weekly loss since February 16, 2024. Weekly volume was -24% below average.
ROL is a member of Industrials Sector. Industrials is the 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 ROL long-term trend chart]
A long-term uptrend had started on January 27, 2022 at 28.51 and reached 47.45 on March 20, 2024. ROL gained -18.94 points, or -66.43%, in 111 weeks. The price is now at the 10.98% retracement level.
 Medium-term trend: [See ROL medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 32.19 and reached 47.45 on March 20, 2024. ROL gained -15.26 points, or -47.41%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 43.72 and resistance is at 48.26. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ROL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See ROL short-term trend chart]
A short-term downtrend had started on March 20, 2024 at 47.45 and reached 44.50 on April 4, 2024. ROL lost 2.95 points, or 6.22%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 44.30 and resistance is at 46.35. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ROL 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.2% on Friday. It is 50.16% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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