Taking everything into account, RCKT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RCKT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, RCKT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.41. Right above this resistance zone may be a good entry point.
More info and screens
2.78
We found 2 important support areas.
- A support zone ranging from 2.88 to 2.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.81 to 2.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.41 to 3.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 7.82 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 92.18% 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 | MIXED | The current price of RCKT is below 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) | 51.7 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RCKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.64 | OVERBOUGHT | The high Stochastics value suggests RCKT may be overbought. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for RCKT suggests a weak or negative trend. |
3.32
-0.1 (-2.92%)
ROCKET PHARMACEUTICALS INC / RCKT FAQ
What is the technical rating for RCKT stock?
ChartMill assigns a technical rating of 4 / 10 to RCKT.
What is the current trend direction of ROCKET PHARMACEUTICALS INC (RCKT) stock?
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 51.6999. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ROCKET PHARMACEUTICALS INC?
The MACD indicator for ROCKET PHARMACEUTICALS INC (RCKT) has a value of 0.0490652, indicating a bearish trend.
Can you provide the buy/sell signal for ROCKET PHARMACEUTICALS INC?
The buy/sell signal for ROCKET PHARMACEUTICALS INC (RCKT) is hold as the short term and long term trends are mixed.