ROK stock: buy or sell

ROK stock price: $280.32 3.17% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

ROK stock brief

  • Rockwell Automation exploded a 3.17% after making new all-time highs last Wednesday
  • The stock is configuring an uptrend pattern since mid-May, when it bottomed at $253.37. Up to date, the uptrend marked a 10.64% profit since the beginning of this rally
  • Rockwell Automation, Inc. provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions.

Should I buy Rockwell Automation stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ROK stock a buy?

Currently, Rockwell Automation stock matches one trading strategy:

Uptrend buy setup

Rockwell Automation stock is in an uptrend since in mid-May that so far has marked an amazing 11.00% gain. Price marked a local bottom in this uptrend at $266.77 last Friday, and since then it bounced up a 5.08%. Now, it's only 2.00% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $285.93. If you decide to enter this trade, the suggested stop loss is at $258.77

Buy setupBuy pointStop lossRisk
Uptrend buy setup$285.93$258.779.50%

Should I sell Rockwell Automation stock?

"To sell or not to sell", if you are holding Rockwell Automation shares?. Trading strategies prevent us from making impulsive decisions based on our personal moods or the noise that surrounds the market. When selling, as well as buying, detailed setups are very easy to use and are only applicable for selling stocks in your porfolio, not for shorting Rockwell Automation stock

As a rule of thumb, you must never hold an operation that leads to greater losses than those expected upon the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Rockwell Automation stock?

Currently, Rockwell Automation stock doesn't match any of our preferred sell setups, so if you hold Rockwell Automation stock and your operation is in profit probably is not time to sell now

Rockwell Automation ratings

We don't have any rating posted in the previous month for Rockwell Automation

Rockwell Automation stock analysis

Rockwell Automation shares started an uptrend in mid-May, and gained a gorgeous 10.64%. The price shows rising tops and bottoms, and along the way gave very few buying opportunities for those who wanted to invest. Latest pullback was last Friday, when price bounced at $266.77. Now, the price trades in a consolidation between its last top ($285.93) and its last bottom ($266.77)

$ROK at new Highs

Rockwell Automation did it again, and hit new all-time highs (ATH) last Wednesday at $285.93. Stock surged fast in the last 10 sessions, cracking new all-time highs 5 times

SMAs overview

ROK stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $285.93 (2.00% above)
  • The current supports are:

  • S1: $274.32 (-2.14% below)
  • S2: $273.04 (-2.60% below)
  • S3: $266.77 (-4.83% below)
  • Bollinger bands

    Since the price surpassed the upper band on June 11, the price dropped by 1.38%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    ROK stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 58.97. Since then, Rockwell Automation shares sliced a 1.30%

    ROK stock RSI chart

    Rockwell Automation stock price history

    Rockwell Automation started trading on Dec 31st, 1981 priced at $0.80 per share1. Since then, ROK stock has risen by 34,940.00%, with an average of 895.90% per year. An investment of thousand dollars at that time would be valued $350,400.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    ROK stock price history chart

    Price target for Rockwell Automation stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price target released by financial institutions in the last month. If you are a small investor you don't have to trade based on these projections.

    We don't have any target price published in the previous 4 weeks for Rockwell Automation.

    Earnings and financials

    Financial event was hosted by Rockwell Automation ($ROK) last April after releasing the earnings report. ROK beat Wall St estimates and reported of $2.41, that is a 11.57% improvement versus the predictions of $2.16. Even so, reported revenues of $1.8 billion were in line with analysts estimates.

    This compares to Earnings of $2.43 per share a year ago, so current EPS is a drop of -0.82%. Revenue inched a 5.64% on an annualized basis in the , from $16.8B to $17.8B last quarter.

    ROK ($ROK) is releasing quarterly earnings report late next July. Market expects of $2.07, compared to Q2 that was $2.41.

    Rockwell Automation performance

    ROK performance compared
    Company1m3m6m
    Rockwell Automation ($ROK) 8.00% 7.80% 14.50%

    Please read:
    The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the specific circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for learning motives only

    ROK summary

    Monday, June 21st, 2021
    Open$273.31
    Close$280.32
    Day range$273.31 - $280.33
    Previous close$271.71
    Session gain3.17%
    Average true range$7.05
    50d mov avg$267.55
    100d mov avg$260.56
    200d mov avg$250.12
    Earnings dateJuly 27th, 2021

    Frequently asked questions

    What is Rockwell Automation stock symbol?

    Rockwell Automation, Inc. is a public company trading in the US stock market with the ROK symbol

    Is Rockwell Automation stock a buy or sell?

    Rockwell Automation had no ratings in the last 4 weeks Read the article to get additional tips on trading ROK stock.

    Will ROK go up?

    There were no predictions published by market analysts in the last month for Rockwell Automation.