ROCKET PHARMACEUTICALS INC (RCKT) Stock Technical Analysis
NASDAQ:RCKT - Nasdaq - US77313F1066 - Common Stock - Currency: USD
Taking everything into account, RCKT scores 0 out of 10 in our technical rating. RCKT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than RCKT.
RCKT is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 87% are performing better than RCKT.
RCKT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RCKT has a been trading in the 2.40 - 3.23 range, which is quite wide. It is currently trading near the high of this range.
RCKT has an average volume of 5378140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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. We notice that large players showed an interest for RCKT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.47
5.14
When analyzing the support we notice one important area.
- A support zone ranging from 2.49 to 2.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @3.21 from a horizontal line in the daily time frame.
- Resistance @3.68 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.19 to 4.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.09 from a trend 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 | DOWN | NEGATIVE | The long term trend for RCKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCKT is down. |
| ChartMill Relative Strength | 1.27 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 98.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RCKT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCKT is below 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) | 44.33 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests RCKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.82 | OVERBOUGHT | The high Stochastics value suggests RCKT may be overbought. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.78 | POSITIVE | The high ADX value value for RCKT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.96
-0.2 (-6.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.33%
1 Week2.07%
2 Weeks14.29%
1 Month-2.31%
3 Month-43.83%
6 Month-73.43%
12 Month-86.84%
2 Year-83.6%
3 Year-79.59%
5 Year-87.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7%
ATR Inc-18.33%
Range Today0.19
ADR(20)0.21
ADR(20)%6.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.27
Mansfield-7.71
10 Day High3.24
10 Day Low2.4
20 Day High3.24
20 Day Low2.4
52 Week High26.98
52 Week Low2.19
CS1 End2.52
CR1 Start3.21
Volume & EV
DER(3)-1.32%
DER(5)4.49%
Volume1.71M
Volume Incr-38.86%
Vol(5)2.64M
Vol(50)5.38M