RCKT Technical Analysis - ROCKET PHARMACEUTICALS INC

Technical Rating and Analysis

Overall RCKT gets a technical rating of 4 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.

90% of all other stocks performed better in the past year than RCKT.

RCKT is one of the lesser performing stocks in the Biotechnology industry. 71% of 536 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.

In the last month RCKT has a been trading in the 3.00 - 4.51 range, which is quite wide. It is currently trading near the high of this range.

RCKT has an average volume of 4044460 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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ROCKET PHARMACEUTICALS INC / RCKT Weekly stock chart

ROCKET PHARMACEUTICALS INC / RCKT Daily stock chart

Setup Rating and Analysis

RCKT has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.18

4.04

When analyzing the support we notice one important area.

A support zone ranging from 3.21 to 3.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The short term trend for RCKT is up.
ChartMill Relative Strength	10.34	NEGATIVE	RCKT has a low relative strength, it was outperformed by 89.66% 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)	63.26	NEUTRAL	The RSI value for RCKT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests RCKT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.7	NEUTRAL	The Stochastics value for RCKT is a neutral value.
Average True Range in percent/ATR (20)	6.68	HIGH VOLATILITY	The high ATR as a percentage value for RCKT suggests high volalility.
Average Directional Index/ADX (14)	44.17	POSITIVE	The high ADX value value for RCKT suggests a strong trend.