(Root Inc. )
| ROOT latest price $21.9400 (0.5%) ($21.0500 - $24.9500) on Wed. Jan. 27, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.29% (three month average) |
RSI | 68 |
Latest Price | $21.9400(0.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ROOT advances 4.1% a day on average for past five trading days. |
Weekly Trend | ROOT advances 4.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ROOT advance at 0% a week (0% probability) IBUY(54%) ARKK(53%) IPO(51%) SKYY(51%) ACES(50%) |
Factors Impacting ROOT price | ROOT will decline at least -3.145% in a week (0% probabilities). VIXM(-32%) VXX(-28%) UUP(-12%) TLT(-4%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.145% (StdDev 6.29%) |
Hourly BBV | 0 () |
Intraday Trend | 2.9% |
| |
|
|