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Archive - 11/8/2024 - Sign In to see current Signals. |
Rollins Inc. (ROL) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Rollins Inc. (ROL). During the week, the ROL gained 2.85 points, or 6.02%, and closed at 50.18 on Friday, November 8, 2024. Weekly volume was -6% 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 October 19, 2023 at 32.19 and reached 51.96 on September 18, 2024. ROL gained -19.77 points, or -61.42%, in 47 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.98 and resistance is at 53.83. 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 long-term trend. Medium-term trend: [See ROL medium-term trend chart] A medium-term downtrend had started on September 18, 2024 at 51.96 and reached 45.95 on October 24, 2024. ROL lost 6.01 points, or 11.57%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (43.67) 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 ROL weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since July 26, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help. Short-term trend: [See ROL short-term trend chart] A short-term uptrend had started on October 24, 2024 at 45.95 and reached 50.45 on November 8, 2024. ROL gained -4.50 points, or -9.79%, in 15 days. The price is now at the 6.00% retracement level. Daily Technical Indicators: [See ROL 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. During the last week, the price has moved above 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. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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