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Archive
- 11/8/2024 -
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Rockwell Automation, Inc. (ROK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Rockwell Automation, Inc. (ROK). During the week, the ROK gained 3.40 points, or 1.27%, and closed at 272.10 on Friday, November 8, 2024. Weekly volume was 64% above 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 159.77 and resistance is at 367.47. 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 downtrend had started on July 18, 2023 at 348.52 and reached 242.81 on August 5, 2024. ROK lost 105.71 points, or 30.33%, in 54 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (239.42) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ROK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 16, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 November 6, 2024 at 294.90 and reached 271.80 on November 8, 2024. ROK lost 23.10 points, or 7.83%, in 2 days. Price is near the trend low.
Daily Technical Indicators: [See ROK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price is close to the moving average in the center of the Bollinger Bands. 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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