The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 11/22/2024 -
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Rollins Inc. (ROL) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the Rollins Inc. (ROL). During the week, the ROL climbed 0.32 points, or 0.64%, and closed at 50.33 on Friday, November 22, 2024. Weekly volume was -43% 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 52.16 on November 13, 2024. ROL gained -19.97 points, or -62.04%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.51 and resistance is at 53.80. 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 uptrend had started on October 24, 2024 at 45.95 and reached 52.16 on November 13, 2024. ROL gained -6.21 points, or -13.51%, in 2 weeks. The price is now at the 29.47% retracement level.

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. Use the following link to access a MACD help.

Short-term trend: [See ROL short-term trend chart]
A short-term downtrend had started on November 13, 2024 at 52.16 and reached 48.68 on November 21, 2024. ROL lost 3.48 points, or 6.67%, in 8 days. The price is now at the 47.41% retracement level.

Daily Technical Indicators: [See ROL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 5, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.76
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 34.29
Greed/Fear Indicator (GFI) 54.37
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.61
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 46.48
Greed/Fear Indicator (GFI) 53.97
Moving Average Converg./Diverg. (MACD) 1.08
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.80
Upper Bollinger Band 52.33
Price 50.33
Daily Stochastic Crossing 49.71
50 Day Moving Average 49.52
Weekly Stochastic Crossing 49.17
20 Day Moving Average 49.12
Parabolic System 48.63
Quarterly Trendline Support 47.51
Lower Bollinger Band 46.77
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Environmental & Facilities Services 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.68
Low Date 11/21/2024
High 50.37
High Date 11/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.16
High Date 11/13/2024
Low 48.68
Low Date 11/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.95
Low Date 10/24/2024
High 52.16
High Date 11/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 53.80
Support 47.51
Low 32.19
Low Date 10/19/2023
High 52.16
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.51
Low Date 01/27/2022
High 52.16
High Date 11/13/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.