ROSS STORES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ROST
ISIN:

ROSS STORES INC. - 1H - Technical analysis published on 10/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 143.64 USD

My targets

149.32 USD (+1.81%)

151.66 USD (+3.40%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ROSS STORES INC. as long as the price remains well above 143.64 USD. The buyers' bullish objective is set at 149.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 151.66 USD. If there is any crossing, the next objective would be the resistance located at 155.11 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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.

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Additional analysis

Quotes

The ROSS STORES INC. rating is 146.67 USD. The price registered an increase of +2.34% on the session and was between 144.25 USD and 146.90 USD. This implies that the price is at +1.68% from its lowest and at -0.16% from its highest.

144.25

146.90

146.67

Here is a more detailed summary of the historical variations registered by ROSS STORES INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ROSS STORES INC. in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	139.56	143.64	146.45	146.67	149.32	151.66	155.11
Change (%)	-4.85%	-2.07%	-0.15%	-	+1.81%	+3.40%	+5.75%
Change	-7.11	-3.03	-0.22	-	+2.65	+4.99	+8.44
Level	Minor	Intermediate	Minor	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.67	141.59	142.46	143.38	144.25	145.17	146.04
Camarilla	142.83	142.99	143.16	143.32	143.48	143.65	143.81
Woodie	140.64	141.58	142.43	143.37	144.22	145.16	146.01
Fibonacci	141.59	142.28	142.70	143.38	144.07	144.49	145.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.10	136.01	139.68	142.59	146.26	149.17	152.84
Camarilla	141.55	142.15	142.76	143.36	143.96	144.57	145.17
Woodie	133.49	136.20	140.07	142.78	146.65	149.36	153.23
Fibonacci	136.01	138.52	140.07	142.59	145.10	146.65	149.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.06	143.64	147.08	151.66	155.10	159.68	163.12
Camarilla	148.31	149.04	149.78	150.51	151.25	151.98	152.72
Woodie	138.48	143.36	146.50	151.38	154.52	159.40	162.54
Fibonacci	143.64	146.71	148.60	151.66	154.73	156.62	159.68

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):	67.69
MACD (12,26,9):	0.7600
Directional Movement:	18.61
AROON (14):	92.86
DEMA (21):	144.31
Parabolic SAR (0,02-0,02-0,2):	143.21
Elder Ray (13):	2.28
Super Trend (3,10):	143.35
Zig ZAG (10):	146.17
VORTEX (21):	1.2800
Stochastique (14,3,5):	86.09
TEMA (21):	145.41
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	4.14
Repulse (5,40,3):	1.2700
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.85

MA7:	142.67
MA20:	147.82
MA50:	148.13
MA100:	146.05
MAexp7:	144.82
MAexp20:	143.53
MAexp50:	143.65
MAexp100:	145.47
Price / MA7:	+2.80%
Price / MA20:	-0.78%
Price / MA50:	-0.99%
Price / MA100:	+0.42%
Price / MAexp7:	+1.28%
Price / MAexp20:	+2.19%
Price / MAexp50:	+2.10%
Price / MAexp100:	+0.82%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on ROSS STORES INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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