pool adsRockwell Automation $ROK Technical Update
The Rockwell Automation (NYSE: ROK) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ROK, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 177.05 | 167.62 | 141.76 |
| P2 | 178.10 | 179.62 | 165.51 |
| P3 | 180.28 | 192.45 | 188.31 |
Support and Resistance Plot Chart for ROK
Long Term Trading Plans for ROK
March 9, 2019, 10:15 am ET
The Technical Summary and Trading Plans for ROK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ROK Report.
ROK - (Long) Support Plan
The technical summary data tells us to buy ROK near 165.51 with an upside target of 188.31. This data also tells us to set a stop loss @ 165.25 to protect against excessive loss in case the stock begins to move against the trade. 165.51 is the first level of support below 174.53 , and by rule, any test of support is a buy signal. In this case, support 165.51 is being tested, a buy signal would exist.
ROK - (Short) Resistance Plan
The technical summary data is suggesting a short of ROK as it gets near 188.31 with a downside target of 165.51. We should have a stop loss in place at 188.57 though. 188.31 is the first level of resistance above 174.53, and by rule, any test of resistance is a short signal. In this case, if resistance 188.31 is being tested, a short signal would exist.
