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Downtrend ResistanceArchive
- 11/8/2024 -
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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 second consecutive positive week for the T. Rowe Price Group (TROW). During the week, the TROW gained 5.60 points, or 4.98%, and closed at 118.10 on Friday, November 8, 2024. Weekly volume was 21% 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 (116.21). 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 (119.95). 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 is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
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.
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