Overall RCKT gets a technical rating of 5 out of 10. In the past year, RCKT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 91% of all other stocks performed better in the past year than RCKT.
- RCKT is one of the lesser performing stocks in the Biotechnology industry. 70% of 525 stocks in the same industry do better.
- RCKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- RCKT has an average volume of 2105230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month RCKT has a been trading in the 3.24 - 4.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, RCKT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.86. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.78
5 important support areas can be observed.
- A support zone ranging from 3.62 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.22 to 3.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.08 from a trend line in the weekly time frame.
- Support @3.00 from a trend line in the daily time frame.
- Support @2.81 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.86 to 3.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.97 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for RCKT is up. |
| ChartMill Relative Strength | 9.33 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 90.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RCKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RCKT has a negative trend. |
| Stochastics (14,3) | 42.48 | NEUTRAL | The Stochastics value for RCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.41 | POSITIVE | The high ADX value value for RCKT suggests a strong trend. |
3.69
+0.05 (+1.37%)
ROCKET PHARMACEUTICALS INC / RCKT FAQ
What is the technical rating for RCKT stock?
ChartMill assigns a technical rating of 5 / 10 to RCKT.
Can you provide the trend direction for ROCKET PHARMACEUTICALS INC?
The current trend direction for ROCKET PHARMACEUTICALS INC (RCKT) is Bearish.
What is the RSI signal for ROCKET PHARMACEUTICALS INC (RCKT) stock?
ROCKET PHARMACEUTICALS INC (RCKT) has an RSI value of 53.7686. This indicates that the stock is currently neutral.
What is the MACD signal for ROCKET PHARMACEUTICALS INC (RCKT) stock?
The MACD indicator for ROCKET PHARMACEUTICALS INC (RCKT) has a value of -0.0070689, indicating a bearish trend.
What is the support and resistance level for RCKT stock?
ROCKET PHARMACEUTICALS INC (RCKT) has a support level at 3.66 and a resistance level at 3.86. Check the full technical report for our detailed analysis of RCKT support and resistance levels.