ROCKET PHARMACEUTICALS INC (RCKT) Stock Technical Analysis
NASDAQ:RCKT • US77313F1066
We assign a technical rating of 6 out of 10 to RCKT. RCKT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, RCKT is a bad performer in the overall market: 65% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month RCKT has a been trading in the 3.00 - 5.34 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RCKT has an average volume of 2202360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RCKT is part of the Biotechnology industry. There are 521 other stocks in this industry, RCKT did better than 49% of them.
- RCKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCKT is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RCKT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.78
When analyzing the support we can see 3 important areas.
- Support @3.17 from a trend line in the weekly time frame.
- Support @3.06 from a trend line in the daily time frame.
- Support @2.81 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 | NEUTRAL | NEUTRAL | The long term trend for RCKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCKT is up. |
| ChartMill Relative Strength | 35.43 | NEUTRAL | RCKT is not amongst the best or worst performers 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 | MIXED | The current price of RCKT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 83.79 | OVERBOUGHT | The high RSI value suggests RCKT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests RCKT has a positive trend. |
| Stochastics (14,3) | 91.96 | OVERBOUGHT | The high Stochastics value suggests RCKT may be overbought. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.67 | POSITIVE | The high ADX value value for RCKT suggests a strong trend. |
5.01
+0.48 (+10.6%)
ROCKET PHARMACEUTICALS INC / RCKT 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 Bearish.
What is the RSI signal for ROCKET PHARMACEUTICALS INC (RCKT) stock?
ROCKET PHARMACEUTICALS INC (RCKT) has an RSI value of 83.7946. This indicates that the stock is currently overbought.
What is the MACD signal for ROCKET PHARMACEUTICALS INC (RCKT) stock?
The MACD indicator for ROCKET PHARMACEUTICALS INC (RCKT) has a value of 0.170818, indicating a bearish trend.
What is the support and resistance level for RCKT stock?
ROCKET PHARMACEUTICALS INC (RCKT) has a support level at 3.17. Check the full technical report for our detailed analysis of RCKT support and resistance levels.