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Downtrend Broken Resist.Archive
- 1/10/2025 -
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Rockwell Automation, Inc. (ROK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Rockwell Automation, Inc. (ROK). During the week, the ROK dropped -9.40 points, or -3.32%, and closed at 273.40 on Friday, January 10, 2025. It was the worst weekly loss since September 6, 2024. Weekly volume was -28% below average.
 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 161.19 and resistance is at 370.91. 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 (237.37) 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. 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 December 27, 2024 at 294.70 and reached 272.10 on January 10, 2025. ROK lost 22.60 points, or 7.67%, in 14 days. The price is now at the 5.75% retracement level.
 Daily Technical Indicators: [See ROK 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. 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 daily MACD line is below its signal line since December 12, 2024. This is an indication that the short-term trend is down.
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