(Root Inc. )
| ROOT latest price $16.8800 (-3.49%) ($16.7500 - $18.4600) on Tue. Dec. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.69% (three month average) |
RSI | 62 |
Latest Price | $16.8800(-3.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ROOT advances 0.5% a day on average for past five trading days. |
Weekly Trend | ROOT advances 11.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ROOT advance at 0% a week (0% probability) ARKK(53%) IBUY(52%) ARKG(51%) IPO(51%) ACES(49%) |
Factors Impacting ROOT price | ROOT will decline at least -2.845% in a week (0% probabilities). VIXM(-30%) VXX(-26%) UUP(-9%) IGOV(-3%) TLT(-2%) |
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 | -2.845% (StdDev 5.69%) |
Hourly BBV | 0 () |
Intraday Trend | -5.6% |
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