- 5/26/2023 -
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Rockwell Automation, Inc. (ROK)
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|It was a second consecutive positive week for the Rockwell Automation, Inc. (ROK). During the week, the ROK gained 4.92 points, or 1.75%, and closed at 286.23 on Friday, May 26, 2023. Weekly volume was -6% below average. |
ROK 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 ROK long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 17.50 and reached 354.99 on December 16, 2021. ROK gained -337.49 points, or -1928.51%, in 667 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 141.16 and resistance is at 392.40. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See ROK medium-term trend chart]
A medium-term uptrend had started on June 22, 2022 at 190.08 and reached 309.36 on March 9, 2023. ROK gained -119.28 points, or -62.75%, in 37 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 262.47 and resistance is at 324.87. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See ROK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 31, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See ROK short-term trend chart]
A short-term downtrend had started on April 28, 2023 at 287.48 and reached 266.62 on May 11, 2023. ROK lost 20.86 points, or 7.26%, in 13 days. The price is now at the 94.01% retracement level.
Daily Technical Indicators: [See ROK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 25, 2023. The distance between MACD and the signal line is low, but getting bigger.