Roper Technologies Inc Stock Forecast
Roper Technologies Inc stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Apr 29, 2024)
The Roper Technologies Inc stock price fell by -2.51% on the last day (Monday, 29th Apr 2024) from $526.78 to $513.58. During the last trading day the stock fluctuated 2.87% from a day low at $511.62 to a day high of $526.29. The price has been going up and down for this period, and there has been a -2.78% loss 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 -168 thousand shares and in total, 689 thousand shares were bought and sold for approximately $353.61 million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($522.90) are considered to be a "second chance" to get out. According to the fan-theory $489.81 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ROP Signals & Forecast
There are few to no technical positive signals at the moment. 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 $533.13 and $543.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -4.96%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Roper Technologies Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $14.67 between high and low, or 2.87%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROP) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Roper Technologies Inc to open at $517.16, and during the day (based on 14 day Average True Range), to move between $504.87 and $522.29, which gives a possible trading interval of +/-$8.71 (+/-1.70%) up or down from last closing price. If Roper Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $537.00, some $23.42 (4.56%) from the current price of $513.58, our system finds the risk reward not very attractive.
Is Roper Technologies Inc stock A Buy?
Roper Technologies Inc holds several negative signals and is within a falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.141 Strong Sell Candidate Downgraded
Predicted Opening Price for Roper Technologies Inc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $517.16 ( 0.697%) | $513.58 |
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 | 531.83 | 3.55 % | |
| R2 | 526.23 | 2.46 % | ||
| R1 | 522.76 | 1.79 % | ||
| Current price: | 513.58 | |||
| Support | S1 | 511.56 | -0.393 % | |
| S2 | 508.10 | -1.07 % | ||
| S3 | 502.50 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 556.87 | 8.43 % | |
| R2 | 544.68 | 6.06 % | ||
| R1 | 537.00 | 4.56 % | ||
| Current price | 513.58 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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
Click here for our free guide on how to buy Roper Technologies Inc Stock.
