(Root Inc. )
| ROOT latest price $21.2600 (5.48%) ($19.6900 - $21.5600) on Mon. Feb. 1, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.24% (three month average) |
RSI | 60 |
Latest Price | $21.2600(5.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ROOT advances 0.3% a day on average for past five trading days. |
Weekly Trend | ROOT advances 2.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ROOT advance at 0% a week (0% probability) IBUY(54%) ARKK(53%) IPO(52%) ACES(51%) ARKG(51%) |
Factors Impacting ROOT price | ROOT will decline at least -3.12% in a week (0% probabilities). VIXM(-32%) VXX(-29%) UUP(-12%) TLT(-4%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.12% (StdDev 6.24%) |
Hourly BBV | 0 () |
Intraday Trend | 3.2% |
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