Rockwell Automation Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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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
# | 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
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