|
|
|
|
Archive
- 4/19/2024 -
Sign In to see current Signals. |
Ross Stores (ROST) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Ross Stores (ROST). During the week, the ROST dropped -2.65 points, or -1.95%, and closed at 133.34 on Friday, April 19, 2024. ROST was trading at average weekly trading volume.
 Long-term trend: [See ROST long-term trend chart]
A long-term uptrend had started on November 8, 2022 at 90.31 and reached 151.12 on February 29, 2024. ROST gained -60.81 points, or -67.33%, in 68 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (118.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See ROST medium-term trend chart]
A medium-term uptrend had started on September 27, 2023 at 108.35 and reached 151.12 on February 29, 2024. ROST gained -42.77 points, or -39.47%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (158.45) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ROST may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ROST weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 22, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ROST short-term trend chart]
A short-term downtrend had started on April 11, 2024 at 140.32 and reached 131.28 on April 19, 2024. ROST lost 9.04 points, or 6.44%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See ROST daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 101.93% higher then one year average. It indicates the period of high volatility of the stock price. 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.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
6 |
| Industry |
Apparel Retail |
25 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
140.32 |
| High Date |
04/11/2024 |
| Low |
131.28 |
| Low Date |
04/19/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
140.32 |
| High Date |
04/11/2024 |
| Low |
131.28 |
| Low Date |
04/19/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
151.12 |
| High Date |
02/29/2024 |
| Low |
131.28 |
| Low Date |
04/19/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
163.46 |
| Support |
158.45 |
| Low |
108.35 |
| Low Date |
09/27/2023 |
| High |
151.12 |
| High Date |
02/29/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Resistance |
| Resistance |
122.97 |
| Support |
118.87 |
| Low |
90.31 |
| Low Date |
11/08/2022 |
| High |
151.12 |
| High Date |
02/29/2024 |
|
|