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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Evaluation of Rockwell Automation Inc stock downgraded after the last trading session
(Updated on Nov 08, 2024)

Sell candidate since Nov 08, 2024

The Rockwell Automation Inc stock price fell by -1.81% on the last day (Friday, 8th Nov 2024) from $277.04 to $272.01. During the last trading day the stock fluctuated 1.64% from a day low at $271.77 to a day high of $276.22. The price has been going up and down for this period, and there has been a 0.8% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -971 thousand shares and in total, 890 thousand shares were bought and sold for approximately $242.09 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.61% during the next 3 months and, with a 90% probability hold a price between $276.72 and $307.52 at the end of this 3-month period.

ROK Signals & Forecast

The Rockwell Automation Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $273.15. On a fall, the stock will find some support from the long-term average at approximately $269.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 06, 2024, and so far it has fallen -7.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Rockwell Automation Inc stock

Rockwell Automation Inc finds support from accumulated volume at $271.16 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 $4.44 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 3.44%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ROK) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Rockwell Automation Inc to open at $273.33, and during the day (based on 14 day Average True Range), to move between $264.98 and $279.04, which gives a possible trading interval of +/-$7.03 (+/-2.58%) up or down from last closing price. If Rockwell Automation Inc takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $272.03 (0.01%) than the support at $271.16 (0.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Rockwell Automation Inc stock A Buy?

Rockwell Automation Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.120 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on November 11, 2024 - $273.33 ( 0.486%).

Trading levels for ROK

Fibonacci Support & Resistance Levels

Level Price
R3 277.78 2.12%
R2 276.08 1.50%
R1 275.03 1.11%
Price 272.01
S1 271.63 -0.138%
S2 270.58 -0.524%
S3 268.89 -1.15%

Accumulated Volume Support & Resistance Levels

Level Price
R3 293.55 7.92%
R2 277.04 1.85%
R1 272.03 0.0074%
Price 272.01
S1 271.16 -0.312%
S2 260.25 -4.32%
S3 256.85 -5.57%

ROK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 31, 2024 Nov 18, 2024 Dec 10, 2024 $1.31 0.481%
2 Aug 12, 2024 Aug 12, 2024 Sep 10, 2024 $1.25 0.477%
3 Apr 09, 2024 May 10, 2024 Jun 10, 2024 $1.25 0.490%
4 Feb 07, 2024 Feb 16, 2024 Mar 11, 2024 $1.25 0.439%
5 Oct 26, 2023 Nov 10, 2023 Dec 11, 2023 $1.25 0.447%

FAQ

What is the symbol for Rockwell Automation Inc Stock and on which exchange is it traded?
The symbol for Rockwell Automation Inc is ROK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Rockwell Automation Inc Stock?
Rockwell Automation Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Rockwell Automation Inc Stock?
Rockwell Automation Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rockwell Automation Inc Stock.

What's the current price of Rockwell Automation Inc Stock?
As of the end of day on the Nov 08, 2024, the price of an Rockwell Automation Inc (ROK) share was $272.01.

What is the 52-week high and low for Rockwell Automation Inc Stock?
The 52-week high for Rockwell Automation Inc Stock is $312.76 and the 52-week low is $243.03.

What is the market capitalization of Rockwell Automation Inc Stock?
As of the Nov 08, 2024, the market capitalization of Rockwell Automation Inc is 33.359B.

When is the next earnings date for Rockwell Automation Inc?
The upcoming earnings date for Rockwell Automation Inc is Jan 29, 2025.
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ABOUT ROCKWELL AUTOMATION INC
Rockwell Automation
Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services. The Intelligent Devices segment offers drives, motion, safety, sensing, industrial components, and configured-to-order products. The Software...
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