ROSS STORES INC. - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 109.36 USD
My targets
112.55 USD (+1.03%)
115.24 USD (+3.45%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ROSS STORES INC. as long as the price remains well above 109.36 USD. The buyers” bullish objective is set at 112.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 115.24 USD. If there is any crossing, the next objective would be the resistance located at 119.61 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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
ROSS STORES INC. rating 111.40 USD. On the day, this instrument lost -0.94% and was between 111.33 USD and 112.84 USD. This implies that the price is at +0.06% from its lowest and at -1.28% from its highest.111.33
112.84
111.40
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ROSS STORES INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 100.00 | 103.33 | 109.36 | 111.40 |
| Change (%) | -10.23% | -7.24% | -1.83% | - |
| Change | -11.40 | -8.07 | -2.04 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.72 | 110.69 | 111.57 | 112.54 | 113.43 | 114.40 | 115.28 |
| Camarilla | 111.95 | 112.12 | 112.29 | 112.46 | 112.63 | 112.80 | 112.97 |
| Woodie | 109.68 | 110.67 | 111.53 | 112.52 | 113.39 | 114.38 | 115.24 |
| Fibonacci | 110.69 | 111.40 | 111.83 | 112.54 | 113.25 | 113.69 | 114.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.63 | 104.21 | 108.34 | 110.92 | 115.05 | 117.63 | 121.76 |
| Camarilla | 110.62 | 111.23 | 111.85 | 112.46 | 113.08 | 113.69 | 114.31 |
| Woodie | 102.40 | 104.60 | 109.11 | 111.31 | 115.82 | 118.02 | 122.53 |
| Fibonacci | 104.21 | 106.78 | 108.36 | 110.92 | 113.49 | 115.07 | 117.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.43 | 101.12 | 105.49 | 108.18 | 112.55 | 115.24 | 119.61 |
| Camarilla | 107.91 | 108.56 | 109.20 | 109.85 | 110.50 | 111.14 | 111.79 |
| Woodie | 99.26 | 101.54 | 106.32 | 108.60 | 113.38 | 115.66 | 120.44 |
| Fibonacci | 101.12 | 103.82 | 105.49 | 108.18 | 110.88 | 112.55 | 115.24 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.65 | |
| MACD (12,26,9): | 1.0900 | |
| Directional Movement: | 8.64 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 110.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.29 | |
| Elder Ray (13): | 2.60 | |
| Super Trend (3,10): | 106.06 | |
| Zig ZAG (10): | 111.40 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 85.81 | |
| TEMA (21): | 110.57 | |
| Williams %R (14): | -24.28 | |
| Chande Momentum Oscillator (20): | 3.55 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.22 |
| MA7: | 109.86 | |
| MA20: | 108.63 | |
| MA50: | 106.67 | |
| MA100: | 103.72 | |
| MAexp7: | 110.28 | |
| MAexp20: | 108.92 | |
| MAexp50: | 107.02 | |
| MAexp100: | 104.20 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | +4.43% | |
| Price / MA100: | +7.40% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +2.28% | |
| Price / MAexp50: | +4.09% | |
| Price / MAexp100: | +6.91% |
News
The latest news and videos published on ROSS STORES INC. at the time of the analysis were as follows:
- Ross Stores Opens 42 New Locations
- Ross Dress for Less to Open a New Store in Minot, North Dakota
- Ross Dress for Less to Open a New Store in Gonzales, Louisiana
- Ross Dress for Less to Open a New Store in Houston, Texas
- Ross Dress for Less to Open a New Store in Naples, Florida
This member declared not having a position on this financial instrument or a related financial instrument.
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