ROCKET COS INC-CLASS A (RKT) Stock Technical Analysis
NYSE:RKT - New York Stock Exchange, Inc. - US77311W1018 - Common Stock - Currency: USD
Overall RKT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RKT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
RKT is part of the Financial Services industry. There are 101 other stocks in this industry. RKT outperforms 87% of them.
In the last month RKT has a been trading in the 13.18 - 17.32 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.
RKT has an average volume of 17007400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RKT is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
RKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RKT 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.
Although RKT has an excellent technical rating, it does not present a decent entry opportunity 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
11.58
17.06
When analyzing the support we can see 4 important areas.
- Support @15.03 from a trend line in the daily time frame.
- A support zone ranging from 14.56 to 14.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.01 to 14.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.89 to 16.89. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RKT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RKT is up. |
| ChartMill Relative Strength | 82.34 | POSITIVE | RKT has a high relative strength, it outperformed 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RKT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.6 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests RKT has a positive trend. |
| Stochastics (14,3) | 69.65 | NEUTRAL | The Stochastics value for RKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for RKT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.32 | NEUTRAL | The ADX value for RKT suggests a possible start of a new 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)
16.88
+0.34 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg2.06%
1 Week12.23%
2 Weeks12.23%
1 Month24.94%
3 Month51.94%
6 Month32.6%
12 Month-6.07%
2 Year58.05%
3 Year113.67%
5 Year-39.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%4.94%
ATR Inc89.25%
Range Today0.61
ADR(20)0.74
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.34
Mansfield0.71
10 Day High17.32
10 Day Low14.5
20 Day High17.32
20 Day Low13.18
52 Week High21.38
52 Week Low10.06
CS1 End15.03
CR1 Start16.89
Volume & EV
DER(3)2.91%
DER(5)0.43%
Volume20.09M
Volume Incr23.97%
Vol(5)26.71M
Vol(50)17.01M