ROCKET COS INC-CLASS A (RKT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RKT - US77311W1018 - Common Stock
We assign a technical rating of 7 out of 10 to RKT. 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.
Although RKT has an excellent technical rating, it does not present a decent entry opportunity 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.
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12.40
4 important support areas can be observed.
- A support zone ranging from 17.34 to 17.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.74 from a trend line in the weekly time frame.
- Support @16.15 from a trend line in the daily time frame.
- Support @12.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.81 to 21.16. 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 | 87.22 | POSITIVE | RKT has a high relative strength, it outperformed 87.22% 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) | DOWN | MIXED | The current price of RKT is above a declining 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) | 66.32 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests RKT has a positive trend. |
| Stochastics (14,3) | 95.73 | OVERBOUGHT | The high Stochastics value suggests RKT may be overbought. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for RKT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for RKT suggests a weak or negative trend. |
19.98
+0.24 (+1.22%)
ROCKET COS INC-CLASS A / RKT FAQ
What is the ChartMill technical rating of ROCKET COS INC-CLASS A (RKT) stock?
ChartMill assigns a technical rating of 7 / 10 to RKT.
Can you provide the trend direction for ROCKET COS INC-CLASS A?
The current trend direction for ROCKET COS INC-CLASS A (RKT) is Bullish.
Can you provide the RSI signal for ROCKET COS INC-CLASS A?
ROCKET COS INC-CLASS A (RKT) has an RSI value of 66.3155. This indicates that the stock is currently neutral.
What is the short term momentum for ROCKET COS INC-CLASS A (RKT) stock?
The short term momentum for ROCKET COS INC-CLASS A (RKT) is positive.
Can you provide the support and resistance levels for ROCKET COS INC-CLASS A?
ROCKET COS INC-CLASS A (RKT) has a support level at 17.83 and a resistance level at 20.81. Check the full technical report for our detailed analysis of RKT support and resistance levels.