ROCKET COS INC-CLASS A (RKT) Stock Technical Analysis
USA - NYSE:RKT - US77311W1018 - Common Stock
16.22 USD
-0.06 (-0.37%)
16.37 USD
+0.15 (+0.92%)
Overall RKT gets a technical rating of 2 out of 10. RKT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month RKT has a been trading in the 15.85 - 22.55 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RKT has an average volume of 30977600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, RKT turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
RKT is part of the Financial Services industry. There are 99 other stocks in this industry, RKT did better than 68% of them.
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.
The technical rating of RKT is bad and it also does not present a quality setup 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
12.06
21.02
We found 3 important support areas.
- A support zone ranging from 16.21 to 16.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.09 from a trend line in the daily time frame.
- Support @12.18 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.23 to 16.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.25 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.81 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for RKT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RKT is down. |
| ChartMill Relative Strength | 54.41 | NEUTRAL | RKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RKT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.97 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests RKT has a negative trend. |
| Stochastics (14,3) | 5 | OVERSOLD | The low Stochastics value suggests RKT may be oversold. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for RKT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for RKT 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)
16.22
-0.06 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.37%
1 Week-17.2%
2 Weeks-17.2%
1 Month-22.39%
3 Month18.57%
6 Month36.3%
12 Month-8.57%
2 Year119.49%
3 Year135.07%
5 Year-11.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%6.9%
ATR Inc-21.14%
Range Today0.58
ADR(20)1.07
ADR(20)%6.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.41
Mansfield-0.01
10 Day High20.62
10 Day Low15.85
20 Day High22.56
20 Day Low15.85
52 Week High22.56
52 Week Low10.06
CS1 End16.21
CR1 Start16.23
Volume & EV
DER(3)-3.1%
DER(5)-1.41%
Volume36.46M
Volume Incr188.42%
Vol(5)87.38M
Vol(50)30.98M