ROSS STORES INC. - Daily - Technical analysis published on 07/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 94.78 USD
My targets
100.00 USD (+1.85%)
103.33 USD (+5.25%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ROSS STORES INC.. As long as you are above the support located at 94.78 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 100.00 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 103.33 USD as an objective. If the support 94.78 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROSS STORES INC. price is 98.18 USD. On the day, this instrument lost -0.81% with the lowest point at 97.53 USD and the highest point at 99.39 USD. The deviation from the price is +0.67% for the low point and -1.22% for the high point.97.53
99.39
98.18
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ROSS STORES INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ROSS STORES INC. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 87.60 | 90.30 | 94.78 | 98.18 | 100.00 | 103.33 |
| Change (%) | -10.78% | -8.03% | -3.46% | - | +1.85% | +5.25% |
| Change | -10.58 | -7.88 | -3.40 | - | +1.82 | +5.15 |
| Level | Minor | Major | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.36 | 96.46 | 97.72 | 99.82 | 101.08 | 103.18 | 104.44 |
| Camarilla | 98.06 | 98.36 | 98.67 | 98.98 | 99.29 | 99.60 | 99.90 |
| Woodie | 93.94 | 96.25 | 97.30 | 99.61 | 100.66 | 102.97 | 104.02 |
| Fibonacci | 96.46 | 97.74 | 98.54 | 99.82 | 101.10 | 101.90 | 103.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.80 | 95.32 | 97.22 | 100.74 | 102.64 | 106.16 | 108.06 |
| Camarilla | 97.63 | 98.13 | 98.62 | 99.12 | 99.62 | 100.11 | 100.61 |
| Woodie | 90.99 | 94.92 | 96.41 | 100.33 | 101.83 | 105.75 | 107.25 |
| Fibonacci | 95.32 | 97.39 | 98.67 | 100.74 | 102.81 | 104.09 | 106.16 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.10 | |
| MACD (12,26,9): | 0.9400 | |
| Directional Movement: | -0.45 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 101.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.79 | |
| Elder Ray (13): | -1.77 | |
| Super Trend (3,10): | 105.19 | |
| Zig ZAG (10): | 98.18 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 15.39 | |
| TEMA (21): | 101.28 | |
| Williams %R (14): | -91.65 | |
| Chande Momentum Oscillator (20): | -2.79 | |
| Repulse (5,40,3): | -3.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 4.92 |
| MA7: | 100.51 | |
| MA20: | 100.31 | |
| MA50: | 97.49 | |
| MA100: | 95.78 | |
| MAexp7: | 100.01 | |
| MAexp20: | 99.77 | |
| MAexp50: | 97.94 | |
| MAexp100: | 96.05 | |
| Price / MA7: | -2.32% | |
| Price / MA20: | -2.12% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +2.51% | |
| Price / MAexp7: | -1.83% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +2.22% |
News
The last news published on ROSS STORES INC. at the time of the generation of this analysis was as follows:
- Ross Dress for Less to Open a New Store in St. Louis, Missouri
- Ross Dress for Less to Open a New Store in San Luis Obispo, California
- Ross Dress for Less to Open a New Store in Hialeah, Florida
- dd's DISCOUNTS to Open a New Store in Hialeah, Florida
- Ross Dress for Less to Open a New Store in Carson, California
This member declared not having a position on this financial instrument or a related financial instrument.
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