Rockwell Automation Inc Stock Forecast
Green day on Thursday for Rockwell Automation Inc
(Updated on Apr 25, 2024)
The Rockwell Automation Inc stock price gained 0.504% on the last trading day (Thursday, 25th Apr 2024), rising from $275.56 to $276.95. During the last trading day the stock fluctuated 2.69% from a day low at $271.47 to a day high of $278.76. The price has fallen in 6 of the last 10 days and is down by -4.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 316 thousand more shares were traded than the day before. In total, 900 thousand shares were bought and sold for approximately $249.16 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Rockwell Automation Inc stock with a 90% probability to be traded between $254.59 and $295.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ROK Signals & Forecast
There are mixed signals in the stock today. The Rockwell Automation Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $282.34. On a fall, the stock will find some support from the short-term average at $274.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -5.99%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Rockwell Automation Inc stock
Rockwell Automation Inc finds support from accumulated volume at $272.62 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 $7.29 (2.69%) between high and low. For the last week, the stock has had daily average volatility of 2.16%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Rockwell Automation Inc to open at $275.73, and during the day (based on 14 day Average True Range), to move between $270.03 and $283.87, which gives a possible trading interval of +/-$6.92 (+/-2.50%) up or down from last closing price. If Rockwell Automation Inc takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $278.38 (0.52%) than the support at $272.62 (1.56%), 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.
Current score: -1.536 Sell Candidate Unchanged
Predicted Opening Price for Rockwell Automation Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $275.73 ( 0.442%) | $276.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 283.02 | 2.19 % | |
| R2 | 280.23 | 1.19 % | ||
| R1 | 278.51 | 0.564 % | ||
| Current price: | 276.95 | |||
| Support | S1 | 272.94 | -1.45 % | |
| S2 | 271.22 | -2.07 % | ||
| S3 | 268.44 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 281.78 | 1.74 % | |
| R2 | 278.71 | 0.635 % | ||
| R1 | 278.38 | 0.516 % | ||
| Current price | 276.95 | |||
| Support | S1 | 272.62 | -1.56% | |
| S2 | 263.01 | -5.03% | ||
| S3 | 253.28 | -8.55% |
ROK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | May 10, 2024 | Jun 10, 2024 | $1.25 | 0.451% |
| 2 | Feb 07, 2024 | Feb 16, 2024 | Mar 11, 2024 | $1.25 | 0.439% |
| 3 | Oct 26, 2023 | Nov 10, 2023 | Dec 11, 2023 | $1.25 | 0.447% |
| 4 | Jun 13, 2023 | Aug 11, 2023 | Sep 11, 2023 | $1.18 | 0.402% |
| 5 | Apr 04, 2023 | May 12, 2023 | Jun 12, 2023 | $1.18 | 0.381% |
FAQ
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