ROCKET PHARMACEUTICALS INC (RCKT) Technical Analysis
NASDAQ:RCKT • US77313F1066
Current stock price
RCKT Technical Rating and Analysis
Overall RCKT gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RCKT is a bad performer.
- 66% of all other stocks performed better in the past year than RCKT.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- RCKT has an average volume of 2854830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RCKT is an average performer in the Biotechnology industry, it outperforms 48% of 519 stocks in the same industry.
- RCKT is currently trading in the middle 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 slightly.
- In the last month RCKT has a been trading in the 4.10 - 5.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
RCKT Weekly and Daily overview Charts
RCKT Setup Rating and Analysis
RCKT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
RCKT Support and Resistance Analysis
2.78
When analyzing the support we can see 6 important areas.
- Support @4.25 from a trend line in the daily time frame.
- A support zone ranging from 4.13 to 4.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.23 from a trend line in the weekly time frame.
- Support @3.12 from a trend line in the daily time frame.
- Support @3.01 from a trend line in the weekly time frame.
- Support @2.81 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.70 to 4.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.02 from a horizontal 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 | UP | POSITIVE | The long term trend for RCKT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCKT is neutral. |
| ChartMill Relative Strength | 34.81 | NEUTRAL | RCKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RCKT is below 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) | UP | POSITIVE | The current price of RCKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.74 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RCKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.44 | NEUTRAL | The Stochastics value for RCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.76 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.87 | NEUTRAL | The ADX value for RCKT suggests a possible start of a new trend. |
RCKT Chart- and CandleStick Pattern Analysis
RCKT Technicals: Chart, Performance Metrics, Trend & Indicators
4.68
+0.41 (+9.6%)
ROCKET PHARMACEUTICALS INC / RCKT TA FAQ
What is the technical rating for RCKT stock?
ChartMill assigns a technical rating of 6 / 10 to RCKT.
Can you provide the trend direction for ROCKET PHARMACEUTICALS INC?
The current trend direction for ROCKET PHARMACEUTICALS INC (RCKT) is Bullish.
What is the RSI signal for ROCKET PHARMACEUTICALS INC (RCKT) stock?
ROCKET PHARMACEUTICALS INC (RCKT) has an RSI value of 55.7384. 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 -0.0850332, indicating a bearish trend.
What is the support and resistance level for RCKT stock?
ROCKET PHARMACEUTICALS INC (RCKT) has a support level at 4.25 and a resistance level at 4.7. Check the full technical report for our detailed analysis of RCKT support and resistance levels.