Ross Stores, Inc., (ROST) operates off-price retail apparel & home fashion stores under the Ross Dress & dd’s discounts brands in the United States. It comes under Consumer Cyclical sector & trades as “ROST” ticker at Nasdaq.
In weekly, ROST is bullish impulse & favors rally in ((1)) of III of (III) against March-2025 low. Above 6.30.2026 low, it should remain supported to extend towards $265.99 – $321.02 area. Buyers can look for buy the next pullback in 3, 7 or 11 swings correction.
ROST – Elliott Wave Latest Daily View:
In weekly, it placed ((I)) at $124.16 high (February-2020) & ((II)) at $56.30 low (March-2020). Above there, it ended (I) at $134.22 high, (II) at $69.24 low (June-2022) & favors rally in (III) of ((III)). Above June-2022 low, it ended I of (III) at $163.60 high, II at $122.36 low. Within I of (III), it placed ((1)) at $122.44 high, ((2)) at $99 low, ((3)) at $15.06 high, ((4)) at $135.52 low & ((5)) at $163.60 high.
ROST – Elliott Wave Latest Weekly View:
Above II low, it placed (1) at $155.58 high, (2) at $124.49 low, (3) at $237.41 high, (4) at $205.92 low as flat & favors upside in (5). Within (3), it ended 1 at $153.54 high, 2 at $143.39 low, 3 at $231.16 high, 4 at $208.20 low & 5 at $237.41 high. It already has enough number of swings to call the (5) completed as ((1)) of III. Above 6.30.2026 low, it can rally to extend (5) in five swings. The (5) can extend towards $265.99 – $277.05 area. If it breaks above $277.05 level, it can extend up to $321.02 to finish ((1)) of III. We like to buy the pullback in wave 2 or later in ((2)) in 3, 7 or 11 swings in extremes.
Source: https://elliottwave-forecast.com/stock-market/rost-bullish-wave-structure-signals-upside-266-321/