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Archive
- 11/15/2024 -
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T. Rowe Price Group (TROW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the T. Rowe Price Group (TROW). During the week, the TROW climbed 0.70 points, or 0.59%, and closed at 118.80 on Friday, November 15, 2024. Weekly volume was 7% above average.
TROW is a member of Financials Sector. Financials 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 TROW long-term trend chart]
A long-term downtrend had started on August 30, 2021 at 224.56 and reached 87.44 on October 27, 2023. TROW lost 137.12 points, or 61.06%, in 112 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (116.04). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See TROW medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 122.27 and reached 100.49 on August 5, 2024. TROW lost 21.78 points, or 17.81%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (119.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See TROW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since October 18, 2024. Use the following link to access a MACD help.
 Short-term trend: [See TROW short-term trend chart]
A short-term uptrend had started on September 6, 2024 at 101.00 and reached 122.20 on November 6, 2024. TROW gained -21.20 points, or -20.99%, in 61 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See TROW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since November 4, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Asset Management & Custody Banks |
106 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Low |
101.00 |
| Low Date |
09/06/2024 |
| High |
122.20 |
| High Date |
11/06/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
100.49 |
| Low Date |
08/05/2024 |
| High |
122.20 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Resistance |
| Resistance |
119.88 |
| Support |
93.15 |
| High |
122.27 |
| High Date |
03/28/2024 |
| Low |
100.49 |
| Low Date |
08/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
87.44 |
| Low Date |
10/27/2023 |
| High |
122.27 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
116.04 |
| Support |
79.27 |
| High |
224.56 |
| High Date |
08/30/2021 |
| Low |
87.44 |
| Low Date |
10/27/2023 |
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