Rockwell Automation Technical Analysis (NYSE:ROK)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Rockwell Automation stock price data and volume are plotted in ROK stock charts and these trading charts form the basis of technical analysis.
See Rockwell Automation bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Rockwell Automation stock analysis.
Rockwell Automation Moving Average:
ROK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Rockwell Automation chart patterns after the calculations remain the same. The 100 day moving average of 162.82 is below the last closing price of 177.55. The 20 day moving average of $168.07 is below the last closing price of $177.55 and the 50 day moving average of $165.65 is below the $177.55 price. The 10 and 20 day periods can predict short term moving average trends.
Rockwell Automation 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 ROK stock. Currently the stock price of $177.55 is in the lower range of Rockwell Automation bollinger bands.
Rockwell Automation Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Rockwell Automation MACD line is above the signal line.
Rockwell Automation Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 87.11 is the RSI value of ROK stock. .