$ROL with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:ROL after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
ROL trade ideas
The stock is in an uptrend in the short termPrice Action :
The price recently bounced off the lower Bollinger Band, suggesting it may have found support near $49.00.
Bollinger Bands :
The price is moving towards the upper Bollinger Band, indicating bullish momentum.
Volume :
There has been a slight increase in volume accompanying the recent price rise, which can be a bullish sign of commitment from buyers.
Key Support and Resistance :
Support: Around $49.00 (recent low and moving average level).
Resistance: $52.00, which acted as a resistance level previously. A break above this level could trigger a further rally.
Trend :
The short-term trend is bullish, as the price is climbing steadily towards the previous highs.
Conclusion :
The stock is showing strength as it approaches a key resistance at $52.00. A breakout with volume would be a bullish signal for further upside. However, if it fails to break this level, there could be a pullback towards the $49.00 support level.
🪰 ROL Trade Analysis 🪰📈 Company Overview:
Rollins NYSE:ROL : Specializes in pest and wildlife control services, capitalizing on increased demand for pest control driven by factors like more time spent at home and migration to warmer climates.
Acquisition Strategy: Rollins is consolidating the fragmented industry through serial acquisitions, expanding its market reach and strengthening its position.
Revenue Stream: A substantial portion of Rollins' revenue comes from recurring contracts, providing a reliable cash flow for further acquisitions.
💼 Trade Setup:
Entry: Consider entering above the $39.00-$40.00 range, reflecting confidence in Rollins' growth potential and acquisition-driven strategy.
Target: Aim for a target price range of $60.00-$62.00, reflecting anticipated returns from industry trends and acquisition investments.
Risk Management: Implement a stop-loss strategy to mitigate risks and protect against adverse price movements.
📊 Rationale:
Industry Trends: Increased demand for pest control services driven by factors like more time spent at home and migration to warmer climates creates favorable market conditions for Rollins.
Acquisition Strategy: Rollins' serial acquisition strategy strengthens its market position and expands its reach, driving growth and revenue.
Recurring Revenue: A significant portion of Rollins' revenue comes from recurring contracts, providing stability and cash flow for further acquisitions.
🔍 Note: Stay informed about industry developments, market trends, and Rollins' acquisition activities to adjust your strategy accordingly. Monitor price action and key technical levels for optimal entry and exit points. Conduct thorough research and consider consulting with a financial advisor before making any trading decisions. Good luck! 🐜📈
My ROLLINS Prescription Hey investors, ROLLINS is in a downward push, rejection of sellers that a large volume of purchase. it is in a consolidation zone what risk of breaking from below to seek its first low to rise. We can breakout the area if the buyers continue this momentum and even see why try to break their new area.
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A perfect Cup With Handle Pattern formationA Cup With a Handle Pattern is a very reliable pattern. The buy entry should always be 10 cents above the high of the handle. In this example the high was $62.02.
My entry point would be at $62.12 as long as the volume for that day is 40% above the 50 day average volume.
ROL - Long term growth, Next target $40.67ROL broken out its all time high resistance with high volume, and showing upward momentum. Moneyflow also pushed higher. It proved to be recession proof. Based on Fib-extension we think it will go above $40.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Breakout potential
Entry Target Criteria- Current price
Exit Target Criteria- $40.67
Stop Loss Criteria- $33.27
(Note: Trade update is delayed here.)
