ROK declines to lowest close since July 24th


Rockwell Automation Inc. (ROK) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

ROK breaks below 100-day moving average
ROK unable to break through key resistance level
ROK closes lower for the 3rd day in a row
ROK breaks below previous session low
ROK falls to lowest close since July 24th

Overview

Moving lower for the 3rd day in a row, ROK finished the week -3.47% lower at 173.26 after losing $2.65 (-1.51%) today. Today's closing price of 173.26 marks the lowest close since July 24th. Closing below Thursday's low at 175.18, Rockwell Automation confirms its breakout through the prior session's low having traded $2.65 below it intraday.

Daily Candlestick Chart (ROK as at Aug 10, 2018):

Daily technical analysis candlestick chart for Rockwell Automation Inc. (ROK) as at Aug 10, 2018

Friday's trading range was $2.40 (1.38%), that's below last trading month's daily average range of $3.52. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.

Unable to break through the key technical resistance level at 174.66, the stock closed below it after spiking as high as 174.93 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term. The market broke below the 100-day moving average at 174.13 today for the first time since February 5th.


Market Conditions for ROK as at Aug 10, 2018

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