2/5/2017 – Rollins Inc. (ROL) Chart Analysis
Rollins Inc. (ROL) is the self-proclaimed leader in pest control. You can view their official website here. One of the better known subsidiaries for Rollins Inc. (ROL) is Orkin Pest Control.
Orkin Pest Control was the employer for a former Trendy Stock Charts member and one of my best friends, LittleBass (Jim), before he started dealing with his cancer issues.
For a quick update on LittleBass. I say former member because as most know he has been dealing with cancer issues. Currently, he just finished a trial that did not go well. He has tried several different treatments and has basically run out of options. Nothing has worked to kill the cancer. His future isn't bright to beat this cancer.
I didn't mean to bring a down note to the article, but wanted to provide an update of LittleBass because of the tie-in opportunity. Please say a prayer for LittleBass.
Let's get back to Rollins Inc. (ROL) and its pest control. I hate spiders. I hate them almost, if not more, than I hate clowns. Both are extremely creepy to me. I hope that its charts don't creep me out too.
Rollins Inc. (ROL) - 20 Year Chart
This first chart is a 20 year monthly candlestick chart. Where has Rollins Inc. (ROL) share price been? Know your history so you are doomed to repeat failures.
I've placed 3 different Fibonacci Extension Tools on this 20 year chart and included a long-term trendline.
Let's summarize the bullish and bearish factors on the 20 year chart.
- From the trendline perspective, ROL's share price is extended. However I will address this in another chart below where I start to develop some trading channels for ROL's share price.
- The MACD Histogram on this 20 year chart shows ROL's buying momentum still increasing but possibly with possibly another month or two of continued increases before a slow-down in buying momentum. A slow-down in buying momentum usually indicates a period of consolidation.
- From the Fibonacci Extension Tool perspective, ROL's share price should see resistance in the $35.70 - $37.57 area. This seems very plausible after an extended run the last 6 months which has added almost 50% to ROL's share price. It could be time for a consolidation soon. Soon being a relative term on a 20 year chart.
Now, let's review some of the bullish items on this 20 year chart.….
If you want to continue reading this article for Rollins Inc. (ROL), you must first login. I look at the bullish items on the 20 year chart, look at shorter-term pullback areas to join the overall uptrend and price targets to watch for, both short and long-term.
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