Roper Technologies, Inc. Common Stock | ROP

Daily Technical Analysis of Roper Technologies, Inc. Common Stock

Investors didn't show much interest in one Roper Technologies way or another today. It hasn't moved too much today but is slightly down, it lost -0.07% since yesterday. It looks like ROP could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping. But it may be a good time to take profit or wait for a better entry point for a long position. In addition to being near an angled resistance line ROP is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. The Industrial Products company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.

If the price breaks through the resistance level it will probably move up to the $593.81 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $562.88 level, hard to say where it will go from there though.

Analyst Ratings for Roper Technologies By Price Target And Rating

The analysts are pretty neutral on Roper Technologies right now, so not much useful information here. The current Analysts Sentiment Score is 0.68. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-02-05 Barclays increased their price target by 2.76% to $596.00. Raymond James gave a boost to their price target and moved to $620.00 from $572.00 on 2024-02-02. Mizuho gave a boost to their price target and moved to $525.00 from $500.00 on 2024-02-01. Oppenheimer reiterated a rating of Outperform on 2024-02-01 and added a price target of $580.00. Royal Bank of Canada gave a boost to their price target and moved to $622.00 from $620.00 on 2024-02-01. Wells Fargo & Company boosted their price targ by 9.82% to $615.00 on 2024-01-22. TD Cowen downgraded from Outperform to Market Perform on 2024-01-04 and added a price target of $535.00. On 2023-10-20 there was confirmation of the previous rating by Truist Financial which was Buy and added a price target of $575.00. On 2023-07-24 Argus increased their price target by 12.24% to $550.00. On 2023-07-21 Jefferies Financial Group increased their price target by 8.49% to $575.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Roper Technologies

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Roper Technologies

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.