Rockwell Automation | ROK | Long at $268.96Rockwell Automation NYSE:ROK appears to be gaining upward momentum once again. With two price gaps above (highest near $333+) and the historical simple moving average lines showing a positive change, this company could be poised to fill the gaps soon. A strong billion-dollar company with rising revenue, but stay cautious of the slightly high debt, insider selling, and changing economy / tariff implications.
At $268.96, NYSE:ROK is in a personal buy-zone.
Targets:
$300.00
$333.00
ROK trade ideas
Which Robotics Stocks Are You Watching?This stock's pattern is an intermediate-term trend correction to bottom formation that is near completion. It may head sideways for a bit, but when it does breakout of this consolidation, there is potential for swing style runs to develop.
A Dark Pool buy zone triggered at the bottom's lows. And there are Pro Trader footprints in each run out of a new low.
NYSE:ROK is in industrial automation, aka Robotics. There is a huge demand building for manufacturing via robotics in the US as many manufacturers are no longer reliant upon Chinese manufacturing, which has become more expensive in recent years. Robotics can easily displace human workers globally as it becomes more popular and used extensively. Hence, institutional holdings is quite high in this company. The So this stock may also be suitable for longer-term investment opportunity.
Hidden SupportAround 287-88 there is a hidden support. Since mid January this level has been tested from both sides again and again. At the end of March there was even an upside window opened. But the price came back 2 days later already. Since August it became a support finally.
Thus I am expecting a bounce back upwards to correct the decline since end August at least.
Is it time for industrials already? $ROKTechnology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up.
The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is.
Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ).
With higher lows and higher highs since June of 2022, Rockwell Automation is about to make new 52-week highs from a cup pattern. With the OBV already making new highs.
Will there be a handle? Maybe, it just had 4 weeks in a row closing higher. Let's wait and see.
I'd buy the breakout above $305 with a target sell at $350.
ROK Uptrend Rectangle pattern weekly chart, ~ BreakoutNYSE:ROK Uptrend Rectangle pattern weekly chart,Above KMAs, Last 4 constructive Candlesticks, Around Breakout (pivot point ~305.5), it's need which i think 309
Pivot point: ~305.5
confirmation entry point: 309
Stop loss: 288.3 (6.7%)
Target: ~ 350 (13.5%)
ROK - long on the pullbackHigher lows with attempts to break through the weekly resistance. I'll be looking at it pretty hard if price comes back to under the $261 area. Target is the next weekly resistance following the trend.
If the trend is invalidated (close below the previous low on the weekly) walk away.
Cup and HandleROK appears a bit stuck trying to get through prior gap down.
Possible Support not far below at bottom of gap down and handle low.
Negative Volume(volume on down days) is high. Positive volume (volume on up days which is the general public as a rule) is low. OBV (On balance volume) is perking up but is not high.
The 50, 100 and 200 moving averages are in place and sloping slightly up. The 20 is sloping up and just crossed up through the 50.
There are no rising wedges in the yearly chart.
ROK has made a trip down close to the handle low today at 57.33 and appears to be struggling with the resistance overhead. Long entry level is an "at or above" level. Some prefer an entry closer to support.
Not a recommendation
BUY to ROCKWELL AUTOMATIONHey my friends, ROCKWELL AUTOMATION is at a very important moment in its history, we can witness a new historical high. It is in a bearish dynamic fake with a return of issued buy volume and an upside down hammer candle. In the TIMEFRAME M1 we observed a dash with a low volume of purchase executed it came to the top of the comfort zone to test it Great potential to breakout the price with the return of momentum at the same time the zone to reach a next and go test the high of the bollinger to make a new high. With symbolic number 270.00 failure of the zone test tent and the bullish channel.
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ABC BullishNo rising wedges noted in yearly chart
LE=long entry. Possible Stop below C
NV is high and OBV is picking up. RSI is pointing up and is at 58.89 today. I keep RSI on 9/80 and 20
I see of a level S at 237ish and at the 50 SMA which is at 232.75ish today.
I have owned this since close to it's bottom after it caught the deadly flu (Speaking of the flu, I have not heard of anyone with influenza this year and I am a nurse. I guess influenza is gone? Deaths from cancer, COPD, diabetes and heart disease have been dramatically reduced this year. In the month of March, heart attacks were less than 50% of the norm for that month. Perhaps Covid has some benefits after all since no one dies too much from anything else anymore. Plus influenza appears to have been eradicated as well. Just trying to look on the bright side I guess) Humans are 100% mortal )o:
This stock has more than doubled so be sure you get a good entry point if interested in this one. Seeking Alpha says it is overvalued at this point )o:
Weekly candle is bullish. Monthly is a doji today.
Buy red/sell green
Trade safely. This is just an observation.
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What I see...
+ Bullish Engulfing candle closed above 10MA on high vol.
+ Rising trendline provided further support from today's Low
+ MACD is in postive territory
+ RSI is at 60 and rising
- 50MA is still under 200MA
- MACD appears to be turning negative
- 1st Resistance at $200
What I setup...
+ Long entry above today's high
- Stop at -1w low
+ Target at 52w high
:: Duration - 2 to 6 sessions
Rock it! Rockwell Automation - LongWhat I see...
+ Bullish Engulfing on high vol. over yesterday's bar
+ Found support from upward trend line
+ Spiked up from earnings last week; gradually pulled back on lower vol.
+ Target is at all-time high
- Slight upper shadow from today's bar
- Long upper shadows from last week when it reached $200 (round zero resistance)
Setup...
Long entry above today's high
Short set under today's low
Target is at 52w high at approx. $210.
$ROK Breakout alert set for Rockwell AutomationEntry level $209 Target price $240 Stop loss $205
Major breakout possible.
Alert set for move above $207.50
1.58% short interest
P/E ratio 35.
Company profile
Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer's industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.