ROST dominated by bulls lifting the market higher throughout the day
Ross Stores Inc. (ROST) Technical Analysis Report for Mar 26, 2020 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, ROST finished Thursday at 85.60 gaining $4.31 (5.3%), slightly underperforming the Nasdaq 100 (5.72%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 84.86, Ross Stores confirmed its breakout through the previous session high after trading up to $1.97 above it intraday.
Daily Candlestick Chart (ROST as at Mar 26, 2020):
Thursday's trading range has been $4.83 (5.87%), that's below the last trading month's daily average range of $6.79. Things look different on the weekly timeframe, where the market's trading range of the last week has been above the market's average weekly trading range. The longer-term, monthly volatility is currently significantly higher than usual for ROST.
One bullish candlestick pattern matches today's price action, the White Candle.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.