Roper Technologies Inc Stock Forecast
Red day on Friday for Roper Technologies Inc stock after losing 2.52%
(Updated on Apr 26, 2024)
The Roper Technologies Inc stock price fell by -2.52% on the last day (Friday, 26th Apr 2024) from $540.41 to $526.78. During the last trading day the stock fluctuated 2.61% from a day low at $526.55 to a day high of $540.29. The price has been going up and down for this period, and there has been a -1.69% loss for the last 2 weeks. Volume has increased on the last day by 304 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, 856 thousand shares were bought and sold for approximately $450.96 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $525.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.19% during the next 3 months and, with a 90% probability hold a price between $513.58 and $544.65 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ROP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.0589%. Further rise is indicated until a new top pivot has been found. 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. 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 $535.08 and $543.97. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Roper Technologies Inc stock
Roper Technologies Inc finds support from accumulated volume at $526.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $13.74 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 1.47%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Roper Technologies Inc to open at $531.21, and during the day (based on 14 day Average True Range), to move between $518.57 and $534.99, which gives a possible trading interval of +/-$8.21 (+/-1.56%) up or down from last closing price. If Roper Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $526.47 (0.06%) than the resistance at $537.00 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -2.538 Sell Candidate Unchanged
Predicted Opening Price for Roper Technologies Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $531.21 ( 0.84%) | $526.78 |
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 | 544.95 | 3.45 % | |
| R2 | 539.70 | 2.45 % | ||
| R1 | 536.46 | 1.84 % | ||
| Current price: | 526.78 | |||
| Support | S1 | 525.96 | -0.156 % | |
| S2 | 522.72 | -0.772 % | ||
| S3 | 517.47 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 556.87 | 5.71 % | |
| R2 | 544.68 | 3.40 % | ||
| R1 | 537.00 | 1.94 % | ||
| Current price | 526.78 | |||
| Support | S1 | 526.47 | -0.0588% | |
| 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.
