Roper Technologies Inc Stock Forecast
Roper Technologies Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Roper Technologies Inc stock price gained 1.25% on the last trading day (Friday, 3rd May 2024), rising from $510.82 to $517.21. During the last trading day the stock fluctuated 1.57% from a day low at $511.50 to a day high of $519.52. The price has been going up and down for this period, and there has been a -3.21% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 311 thousand more shares were traded than the day before. In total, 942 thousand shares were bought and sold for approximately $487.07 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $510.44 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.09% during the next 3 months and, with a 90% probability hold a price between $489.55 and $528.78 at the end of this 3-month period.
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ROP Signals & Forecast
There are mixed signals in the stock today. The Roper Technologies Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $519.29 and $538.72. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Roper Technologies Inc stock
Roper Technologies Inc finds support from accumulated volume at $514.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $8.01 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $487.70 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ROP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Roper Technologies Inc to open at $516.08, and during the day (based on 14 day Average True Range), to move between $508.63 and $525.79, which gives a possible trading interval of +/-$8.58 (+/-1.66%) up or down from last closing price. If Roper Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $514.76 (0.47%) than the resistance at $526.78 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Roper Technologies Inc stock A Buy?
Roper Technologies Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.408 Hold/Accumulate Upgraded
Predicted Opening Price for Roper Technologies Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$516.08 ( 0.219%) | $517.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 524.09 | 1.33 % | |
R2 | 521.03 | 0.738 % | ||
R1 | 519.14 | 0.373 % | ||
Current price: | 517.21 | |||
Support | S1 | 513.01 | -0.81 % | |
S2 | 511.12 | -1.18 % | ||
S3 | 508.06 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 556.87 | 7.67 % | |
R2 | 544.68 | 5.31 % | ||
R1 | 526.78 | 1.85 % | ||
Current price | 517.21 | |||
Support | S1 | 514.76 | -0.474% | |
S2 | 513.58 | -0.702% | ||
S3 | 511.46 | -1.11% |
ROP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 04, 2024 | Apr 22, 2024 | $0.750 | 0.139% |
2 | Nov 09, 2023 | Jan 08, 2024 | Jan 23, 2024 | $0.750 | 0.136% |
3 | Sep 27, 2023 | Oct 05, 2023 | Oct 23, 2023 | $0.683 | 0.143% |
4 | Jun 15, 2023 | Jul 10, 2023 | Jul 24, 2023 | $0.683 | 0.138% |
5 | Aug 06, 2023 | Jul 07, 2023 | Jul 24, 2023 | $0.683 | 0.138% |
FAQ
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