ROCKET COS INC-CLASS A (RKT) Technical Analysis
NYSE:RKT • US77311W1018
Current stock price
RKT Technical Rating and Analysis
Taking everything into account, RKT scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RKT was also a bad performer in the overall market in the last year.
- 68% of all other stocks performed better in the past year than RKT.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month RKT has a been trading in the 13.43 - 17.36 range, which is quite wide. It is currently trading near the high of this range.
- RKT has an average volume of 27614400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RKT is an average performer in the Financial Services industry, it outperforms 50% of 99 stocks in the same industry.
- 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.
RKT Weekly and Daily overview Charts
RKT Setup Rating and Analysis
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
RKT Support and Resistance Analysis
13.18
3 important support areas can be observed.
- Support @13.92 from a trend line in the weekly time frame.
- Support @13.64 from a horizontal line in the weekly time frame.
- Support @13.31 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @16.63 from a horizontal line in the weekly time frame.
- Resistance @17.12 from a horizontal line in the daily time frame.
RKT Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for RKT is up. |
| ChartMill Relative Strength | 32.36 | NEUTRAL | RKT is not amongst the best or worst performers 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 | NEGATIVE | The current price of RKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.41 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests RKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.82 | OVERBOUGHT | The high Stochastics value suggests RKT may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for RKT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.35 | POSITIVE | The high ADX value value for RKT suggests a strong trend. |
RKT Chart- and CandleStick Pattern Analysis
RKT Technicals: Chart, Performance Metrics, Trend & Indicators
15.91
-1.21 (-7.07%)
ROCKET COS INC-CLASS A / RKT TA FAQ
What is the ChartMill technical rating of ROCKET COS INC-CLASS A (RKT) stock?
ChartMill assigns a technical rating of 3 / 10 to RKT.
What is the trend direction for RKT stock?
The current trend direction for ROCKET COS INC-CLASS A (RKT) is Bearish.
What is the RSI signal for RKT stock?
ROCKET COS INC-CLASS A (RKT) has an RSI value of 53.4134. This indicates that the stock is currently neutral.
What are the support and resistance levels for ROCKET COS INC-CLASS A (RKT) stock?
ROCKET COS INC-CLASS A (RKT) has a support level at 13.92 and a resistance level at 16.63. Check the full technical report for our detailed analysis of RKT support and resistance levels.