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Uptrend ExhaustionArchive - 3/15/2024 - 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 gave back -0.62 points, or -0.43%, and closed at 145.12 on Friday, March 15, 2024. Weekly volume was 12% 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 (116.94) 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 (149.96) is broken. A broken support is considered to be a long-term bearish signal. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See ROST short-term trend chart] A short-term downtrend had started on March 7, 2024 at 150.00 and reached 144.31 on March 11, 2024. ROST lost 5.69 points, or 3.79%, in 4 days. The price is now at the 14.24% retracement level. Daily Technical Indicators: [See ROST daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Consumer Discretionary |
7 |
Industry |
Apparel Retail |
86 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
150.00 |
High Date |
03/07/2024 |
Low |
144.31 |
Low Date |
03/11/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
150.00 |
High Date |
03/07/2024 |
Low |
144.31 |
Low Date |
03/11/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Broadening Descending Wedge |
Status |
Valid |
Resistance |
148.68 |
Support |
131.58 |
High |
151.12 |
High Date |
02/29/2024 |
Low |
143.32 |
Low Date |
03/06/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Support |
Resistance |
154.97 |
Support |
149.96 |
Low |
108.35 |
Low Date |
09/27/2023 |
High |
151.12 |
High Date |
02/29/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Ascending Triangle |
Status |
Broken Resistance |
Resistance |
122.93 |
Support |
116.94 |
Low |
90.31 |
Low Date |
11/08/2022 |
High |
151.12 |
High Date |
02/29/2024 |
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