ROCKET COS INC-CLASS A (RKT) Stock Technical Analysis
NYSE:RKT - New York Stock Exchange, Inc. - US77311W1018 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RKT. RKT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RKT is a bad performer in the overall market: 65% of all stocks are doing better.
RKT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RKT is lagging the market.
RKT has an average volume of 13680400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RKT is part of the Financial Services industry. There are 101 other stocks in this industry, RKT did better than 47% of them.
In the last month RKT has a been trading in the 11.08 - 13.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RKT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
10.99
15.93
When analyzing the support we notice one important area.
- A support zone ranging from 11.10 to 11.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.87 to 12.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.16 to 13.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.09 from a trend line in the daily time frame.
- Resistance @15.77 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for RKT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RKT is neutral. |
| ChartMill Relative Strength | 35.25 | NEUTRAL | RKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RKT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.98 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.88 | NEUTRAL | The Stochastics value for RKT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for RKT suggests high volalility. |
| Average Directional Index/ADX (14) | 9.43 | NEGATIVE | The low ADX value for RKT suggests a weak or negative 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)
12.68
+0.11 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.88%
1 Week-4.23%
2 Weeks14.13%
1 Month-1.17%
3 Month-4.3%
6 Month-7.71%
12 Month-8.38%
2 Year58.1%
3 Year39.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%5.29%
ATR Inc-24.53%
Range Today0.5
ADR(20)0.62
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.25
Mansfield-1.53
10 Day High13.92
10 Day Low11.2
20 Day High13.92
20 Day Low11.08
52 Week High21.38
52 Week Low10.06
CS1 End11.21
CR1 Start12.87
Volume & EV
DER(3)1.01%
DER(5)2.27%
Volume5.89M
Volume Incr-31.74%
Vol(5)9.54M
Vol(50)13.68M