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Root, Inc.RR

Root, Inc.

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ROOT trade ideas

$ROOT: TRENDING BULLISHLY. POTENTIAL SQUEEZE. 🚀🚀🚀Hello, everyone! We're seeing promising signals for $ROOT. If its price maintains above our key monthly indicator, we anticipate an uptrend. A very bullish trend will be confirmed when the daily indicator rises above the monthly one. Should this happen, we'll be on the lookout for the weekly indicator to follow suit. Our first price target (PT) is set at $76, with a strong move to $180 on the cards once the weekly crosses the monthly threshold. NASDAQ:ROOT has already made a massive move up, but this is only the start of something huge. However, if we see the hourly indicator fall below the monthly, this would need to be reassessed, as it could invalidate our current forecast. NFA! Good luck, everyone!
NLong
by SierrasTrades
6
Breakout Buy in ROOTROOT is an app-based insurance company offering home, auto, and renters’ insurance in all 50 states. With a market capitalization of just $156MM, it is below the small-cap threshold making this a micro-cap stock. In other words, it's small. But it wasn’t always. The company was worth roughly $6 billion when it IPO’d in 2020 - roughly 400X larger than its current valuation. But the stock is showing serious signs of a turnaround. There was a huge volume breakout in June when shares shot from $6 to $14 in one day. A move that extreme needs to be digested since profit taking is almost guaranteed to weigh on the price over the short term. After a series of shallowing retracements which I have highlighted on the chart above, ROOT is setting up for a potential breakout higher. I want to see a break of the most recent highs near $12 to give the best odds of success. If the breakout is valid, it should take off and not look back. Traders could use a 10% stop to give it a little room to work but don’t give it too much rope. This is a volatile stock that can make big fast moves in both directions.
NLong
by rossgivens
3
ROOT - Setup Looks Great - Highly ShortedRoot, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
NLong
by DivergenceSeeker
ROOT - Only Goes DownMore of an educational quickie this one. ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more. But these circled upside pops can be quite good for shorting and an easy ride down. The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop. Then waiting for the star shaped candle to close open a short - SL above the top. Not advice.
N
by dRends35
ROOT - Daily - Break or No Break?1. Indicators: RSI, MACD, and KDJ is well setup for a run. 2. Price and Volume just looks like the hulk wanna break out. HOWEVER 1. financially pessimistic numbers and weak earning power 2. the past price performance is with doubt it will ever perform 3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND" If I were to play this, (in my opinion): -Buy shares sell covered calls. -option premium is great at the moment. -sell some puts?
N
by stockjanitor
Root Insurtech has an interesting propositionBut so far has failed to gain momentum.... Still, I am starting to slowly accumulate this beaten down name... Its still in the downward channel, but it could be showing some signs of life again. If it can start to move into and stay in the upward channel I'll take a larger position. The fundamental side is interesting in that they offer insurance to a new younger type of client and are challenging norms in InsurTech.
NLong
by Tiger_Style