Overall RCKT gets a technical rating of 3 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.
RCKT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RCKT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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 3.36 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @3.05 from a trend line in the weekly time frame.
- Support @2.96 from a trend line in the daily time frame.
- Support @2.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.64 from a horizontal line in the daily time frame.
- Resistance @3.86 from a horizontal line in the weekly 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 | 9.58 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 90.42% 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) | DOWN | MIXED | The current price of RCKT is above a declining 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) | 55.64 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RCKT has a positive trend. |
| Stochastics (14,3) | 71.2 | NEUTRAL | The Stochastics value for RCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.1 | NEUTRAL | The ADX value for RCKT suggests a possible start of a new trend. |
3.54
-0.01 (-0.28%)
ROCKET PHARMACEUTICALS INC / RCKT FAQ
What is the technical rating for RCKT stock?
ChartMill assigns a technical rating of 3 / 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 55.6439. 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 0.0119071, indicating a bearish trend.
What is the support and resistance level for RCKT stock?
ROCKET PHARMACEUTICALS INC (RCKT) has a support level at 3.49 and a resistance level at 3.64. Check the full technical report for our detailed analysis of RCKT support and resistance levels.