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Uptrend ExhaustionArchive
- 4/26/2024 -
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Roper Industries (ROP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Roper Industries (ROP). During the week, the ROP dropped -7.60 points, or -1.42%, and closed at 526.78 on Friday, April 26, 2024. Weekly volume was 25% above average.
ROP is a member of Industrials Sector. Industrials is the second 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 ROP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 356.22 and reached 565.00 on April 1, 2024. ROP gained -208.78 points, or -58.61%, in 76 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 519.94 and resistance is at 574.18. 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 ROP medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 416.78 and reached 565.00 on April 1, 2024. ROP gained -148.22 points, or -35.56%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (526.05) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See ROP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 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 ROP short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 525.67 and reached 543.65 on April 23, 2024. ROP gained -17.98 points, or -3.42%, in 6 days. The price is now at the 93.83% retracement level.
 Daily Technical Indicators: [See ROP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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