ROCKET PHARMACEUTICALS INC (RCKT) Stock Technical Analysis
NASDAQ:RCKT - Nasdaq - US77313F1066 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RCKT. RCKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RCKT is a bad performer in the overall market: 100% of all stocks are doing better.
RCKT is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 89% are performing better than RCKT.
RCKT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RCKT is lagging the market.
In the last month RCKT has a been trading in the 2.19 - 6.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RCKT has an average volume of 5326890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RCKT has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
2.68
5.46
When analyzing the support we notice one important area.
- Support @2.71 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @3.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.92 to 4.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.18 from a trend line in the daily time frame.
- A resistance zone ranging from 5.35 to 5.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 0.85 | NEGATIVE | RCKT has a low relative strength, it was outperformed by 99.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCKT is below 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) | 33.29 | NEUTRAL | The RSI value for RCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RCKT has a positive trend. |
| Stochastics (14,3) | 44.66 | NEUTRAL | The Stochastics value for RCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 17.3 | HIGH VOLATILITY | The high ATR as a percentage value for RCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.57 | 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)
2.83
+0.11 (+4.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.04%
1 Week-6.6%
2 Weeks-3.08%
1 Month-58.69%
3 Month-66.43%
6 Month-75.52%
12 Month-87.41%
2 Year-85.76%
3 Year-79.43%
5 Year-86.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%17.3%
ATR Inc-3.5%
Range Today0.29
ADR(20)0.3
ADR(20)%10.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.85
Mansfield-7.91
10 Day High3.34
10 Day Low2.66
20 Day High6.83
20 Day Low2.19
52 Week High26.98
52 Week Low2.19
CS1 End2.71
CR1 Start3.17
Volume & EV
DER(3)-6.86%
DER(5)-5.24%
Volume4.50M
Volume Incr-52.33%
Vol(5)3.84M
Vol(50)5.33M