ROP closes lower for the 3rd day in a row


Roper Technologies Inc. (ROP) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

ROP closes lower for the 3rd day in a row
ROP breaks below previous session low
ROP falls to lowest close since July 25th

Overview

Moving lower for the 3rd day in a row, ROP ended the week -0.61% lower at 293.25 after losing $2.22 (-0.75%) today. Today's closing price of 293.25 marks the lowest close since July 25th. Closing below Thursday's low at 295.17, Roper Industries confirms its breakout through the previous session's low having traded $2.82 below it intraday.

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

Daily technical analysis candlestick chart for Roper Technologies Inc. (ROP) as at Aug 10, 2018

Friday's trading range was $2.32 (0.79%), that's below last trading month's daily average range of $5.13. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 292.23.

While the share is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Selling could accelerate should prices move below the nearby swing low at 292.23 where further sell stops might get activated.


Market Conditions for ROP as at Aug 10, 2018

Loading Market Conditions for ROP (Roper Technologies Inc.)...
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ROP finds buyers at key support level

Dec 14, 2018
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