ROP closes above its opening price after recovering from early selling pressure

Roper Technologies Inc. (ROP) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


ROP closes above its opening price after recovering from early selling pressure
ROP unable to break through key resistance level
ROP closes within previous day's range
ROP ends the day indecisive


ROP finished the week 2.24% higher at 310.83 after edging lower $0.13 (-0.04%) today on low volume. Trading up to $2.27 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ROP as at Sep 14, 2018):

Daily technical analysis candlestick chart for Roper Technologies Inc. (ROP) as at Sep 14, 2018

Friday's trading range was $4.20 (1.35%), that's slightly above last trading month's daily average range of $3.85. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Unable to break through the key technical resistance level at 312.38, Roper Industries closed below it after spiking as high as 312.52 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Market Conditions for ROP as at Sep 14, 2018

Loading Market Conditions for ROP (Roper Technologies Inc.)...
Latest Report:

ROP rises to highest close ever

Jul 12, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Roper Technologies Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!