ROCKET COS INC-CLASS A (RKT) Stock Technical Analysis
NYSE:RKT - US77311W1018 - Common Stock
18.73 USD
-0.48 (-2.5%)
18.76 USD
+0.03 (+0.16%)
Taking everything into account, RKT scores 9 out of 10 in our technical rating. 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 one of the better performing stocks in the Financial Services industry, it outperforms 84% of 100 stocks in the same industry.
RKT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RKT is lagging the market slightly.
In the last month RKT has a been trading in the 14.50 - 19.66 range, which is quite wide. It is currently trading near the high of this range.
RKT has an average volume of 19558200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RKT did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although RKT has an excellent technical rating, it does not offer a high 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
11.72
18.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.52 to 17.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.87 from a trend line in the daily time frame.
- Support @14.76 from a trend line in the daily time frame.
- Support @11.84 from a trend 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 | 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 | 82.02 | POSITIVE | RKT has a high relative strength, it outperformed 82.02% 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) | UP | POSITIVE | The current price of RKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for RKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RKT has a negative trend. |
| Stochastics (14,3) | 62.49 | NEUTRAL | The Stochastics value for RKT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for RKT suggests high volalility. |
| Average Directional Index/ADX (14) | 36.06 | 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)
18.73
-0.48 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-2.5%
1 Week5.05%
2 Weeks9.47%
1 Month24.53%
3 Month46.9%
6 Month33.79%
12 Month-4.68%
2 Year75.37%
3 Year137.09%
5 Year-33.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%5.32%
ATR Inc48.11%
Range Today0.48
ADR(20)0.87
ADR(20)%4.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.02
Mansfield1.85
10 Day High19.67
10 Day Low17.13
20 Day High19.67
20 Day Low14.5
52 Week High21.38
52 Week Low10.06
CS1 End17.58
CR1 StartN/A
Volume & EV
DER(3)3.93%
DER(5)-0.05%
Volume14.80M
Volume Incr-26.11%
Vol(5)18.43M
Vol(50)19.56M