ROCKET LAB CORP (RKLB) Stock Technical Analysis
NASDAQ:RKLB - Nasdaq - US7731211089 - Common Stock - Currency: USD
Taking everything into account, RKLB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RKLB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RKLB is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, RKLB also shows a nice and consistent pattern of rising prices.
RKLB is part of the Aerospace & Defense industry. There are 503 other stocks in this industry. RKLB outperforms 99% of them.
RKLB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
RKLB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RKLB has an average volume of 21132700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although RKLB has an excellent technical rating, the quality of the presented setup is not ideal 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
19.50
36.02
3 important support areas can be observed.
- A support zone ranging from 27.69 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.79 to 26.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.70 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for RKLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RKLB is up. |
| ChartMill Relative Strength | 99.5 | POSITIVE | RKLB has a high relative strength, it outperformed 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RKLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RKLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RKLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.7 | NEUTRAL | The RSI value for RKLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests RKLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.68 | NEUTRAL | The Stochastics value for RKLB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for RKLB suggests high volalility. |
| Average Directional Index/ADX (14) | 36.14 | POSITIVE | The high ADX value value for RKLB 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)
35.66
-0.02 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.06%
1 Week-1.33%
2 Weeks28.04%
1 Month32.52%
3 Month117.84%
6 Month24.08%
12 Month630.74%
2 Year383.85%
3 Year663.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.48
ATR(20)%6.78%
ATR Inc-37.91%
Range Today0.96
ADR(20)2.4
ADR(20)%6.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.5
Mansfield7.63
10 Day High38.26
10 Day Low27.84
20 Day High38.26
20 Day Low25.24
52 Week High38.26
52 Week Low4.2
CS1 End27.25
CR1 StartN/A
Volume & EV
DER(3)1.13%
DER(5)-0.25%
Volume7.98M
Volume Incr17.83%
Vol(5)28.74M
Vol(50)21.13M