ROCKET PHARMACEUTICALS INC (RCKT) Technical Analysis
NASDAQ:RCKT • US77313F1066
Current stock price
RCKT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RCKT. RCKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RCKT is a bad performer in the overall market: 86% of all stocks are doing better.
- RCKT is one of the lesser performing stocks in the Biotechnology industry. 68% of 517 stocks in the same industry do better.
- RCKT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RCKT is lagging the market.
- RCKT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- RCKT has an average volume of 3546100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RCKT Weekly and Daily overview Charts
RCKT Setup Rating and Analysis
The technical rating of RCKT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RCKT Support and Resistance Analysis
2.78
We found 4 important support areas.
- Support @3.27 from a trend line in the weekly time frame.
- A support zone ranging from 3.15 to 3.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.99 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.81 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.49 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.33 from a trend line in the daily time frame.
- Resistance @4.59 from a trend line in the weekly time frame.
RCKT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RCKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCKT is down. |
| ChartMill Relative Strength | 14.89 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 85.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.79 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RCKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.24 | OVERSOLD | The low Stochastics value suggests RCKT may be oversold. |
| Average True Range in percent/ATR (20) | 10.64 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for RCKT suggests a weak or negative trend. |
RCKT Chart- and CandleStick Pattern Analysis
RCKT Technicals: Chart, Performance Metrics, Trend & Indicators
3.48
+0.02 (+0.58%)
ROCKET PHARMACEUTICALS INC / RCKT TA FAQ
What is the technical rating for RCKT stock?
ChartMill assigns a technical rating of 0 / 10 to RCKT.
Can you provide the trend direction for ROCKET PHARMACEUTICALS INC?
The current trend direction for ROCKET PHARMACEUTICALS INC (RCKT) is Bearish.
Can you provide the RSI signal for ROCKET PHARMACEUTICALS INC?
ROCKET PHARMACEUTICALS INC (RCKT) has an RSI value of 37.7902. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ROCKET PHARMACEUTICALS INC?
The buy/sell signal for ROCKET PHARMACEUTICALS INC (RCKT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ROCKET PHARMACEUTICALS INC (RCKT) stock?
ROCKET PHARMACEUTICALS INC (RCKT) has a support level at 3.27 and a resistance level at 3.49. Check the full technical report for our detailed analysis of RCKT support and resistance levels.