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.
AI Analysis of ROOT.TO
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Roots Corp. stock price down 2.58% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -2.58% PDF

The Roots Corp. stock price fell by -2.58% on the last day (Wednesday, 27th Mar 2024) from $2.33 to $2.27. During the last trading day the stock fluctuated 2.21% from a day low at $2.26 to a day high of $2.31. The price has been going up and down for this period, and there has been a -5.42% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $23.29 thousand.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.25 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Roots Corp. stock with a 90% probability to be traded between $2.20 and $2.40 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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ROOT.TO Signals & Forecast

There are few to no technical positive signals at the moment. The Roots Corp. 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 $2.35 and $2.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -7.72%. 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). Roots Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Roots Corp. 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 $0.0500 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 2.24%.

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

Trading Expectations (ROOT.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Roots Corp. to open at $2.28, and during the day (based on 14 day Average True Range), to move between $2.22 and $2.32, which gives a possible trading interval of +/-$0.0530 (+/-2.33%) up or down from last closing price. If Roots Corp. takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.35, some $0.0800 (3.52%) from the current price of $2.27, our system finds the risk reward not very attractive.

Is Roots Corp. stock A Buy?

Roots Corp. 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.

Current score: -4.566 Sell Candidate Unchanged

Predicted Opening Price for Roots Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.28 ( 0.441%) $2.27

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ROOT.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.33 2.64 %
R2 2.31 1.80 %
R1 2.30 1.28 %
Current price: 2.27
Support S1 2.26 -0.401 %
S2 2.25 -0.92 %
S3 2.23 -1.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.40 5.73 %
R2 2.38 4.85 %
R1 2.35 3.52 %
Current price 2.27
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Roots Corp. Stock and on which exchange is it traded?
The symbol for Roots Corp. is ROOT.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Roots Corp. Stock?
Roots Corp. 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.

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

What's the current price of Roots Corp. Stock?
As of the end of day on the 2024-03-27, the price of an Roots Corp. (ROOT.TO) share was $2.27.

What is the 52-week high and low for Roots Corp. Stock?
The 52-week high for Roots Corp. Stock is $3.26 and the 52-week low is $2.25.

What is the market capitalization of Roots Corp. Stock?
As of the 2024-03-27, the market capitalization of Roots Corp. is 93.783M.

When is the next earnings date for Roots Corp.?
The upcoming earnings date for Roots Corp. is Apr 03, 2024.
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About Roots Corp.

Roots . Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and e-commerce. The Partners and Other segment engages in the wholesale of Roots branded ... ROOT.TO Profile

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