Rogers Technical Analysis (NYSE:ROG)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Rogers stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ROG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Rogers. Technical analysis uses an approach for Rogers stock analysis that does not care for the fair value of a company but uses price and volume data only.
Rogers Moving Average
Moving averages help predict the price direction of ROG stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $125.47 is below the price of $129.59.
Rogers Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ROG stock. The stock price is trading between the average and the upper band in the context of Rogers bollinger bands.
Rogers Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Rogers MACD indicator is above 0 indicating a bullish trend.
Rogers Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ROG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.